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Halloween hits U.S. hotel performance in early November

St. Louis saw YoY growth in all key metrics

Halloween hits U.S. hotel performance in early November

U.S. HOTEL PERFORMANCE showed a decline in early November compared to the previous week, according to CoStar. Year-over-year comparisons also presented mixed results, with the decrease in occupancy expected due to Halloween falling on a Tuesday.

Occupancy stood at 59.7 percent for the week ending Nov. 4, slightly lower than the previous week's 66 percent, while showing a year-over-year decline of 4 percent. ADR dropped to $152.90 from the previous week's $160.89, yet showed a notable 2 percent increase from the previous year. Similarly, RevPAR decreased to $91.23 compared to the previous week's $106.16, reflecting a 2.1 percent decline from 2022.


Among the top 25 markets, St. Louis saw significant year-over-year growth in all three key performance metrics: occupancy increased by 6.4 percent to 59.2 percent, ADR rose by 12.3 percent to $131.16, and RevPAR grew by 19.5 percent to $77.64. Meanwhile, Metallica's M72 World Tour played a role in this strong performance, CoStar said.

The steepest RevPAR declines were seen in Miami, dropping by 22.5 percent to $131.88, and Tampa, which saw a decrease of 19.6 percent to $87.29.

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Four Seasons Telluride

Four Seasons, partners plan Colorado multi-use project

Summary:

  • Four Seasons, Fort Partners and Merrimac Ventures plan a mixed-use project in Telluride, CO.
  • The project is in Mountain Village near the San Juan Mountains.
  • Florida-based Fort Partners and Merrimac Ventures are led by Nadim Ashi and Dev Motwani.

FOUR SEASONS, FORT Partners and Merrimac Ventures are jointly developing the Four Seasons Resort and Residences Telluride in Telluride, Colorado. The project includes 52 guestrooms, 43 hotel residences and 26 private residences for short-term and permanent stays.

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