Grand Prix drove Monaco hotel rates to record high
Monaco's monthly occupancy was its highest since 2000. Monaco's ADR (3,545.41 euros) and RevPAR (3,334.22 euros) peaked on Sunday, 25 May.
ARLINGTON, VA. – The Formula 1 Grand Prix race pushed Monaco's hotel industry to its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary May data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Monaco – May 2025 (year-over-year % change):
Occupancy: 75.2% (+14.4%)
ADR: 1,029.67 euros (+4.9%)
RevPAR: 773.80 euros (+20.0%)
In addition to the records in ADR and RevPAR, Monaco's monthly occupancy was its highest since 2000. May was also the first time in history the market's monthly ADR surpassed the 1,000 euros mark.
Monaco's ADR (3,545.41 euros) and RevPAR (3,334.22 euros) peaked on Sunday, 25 May. Occupancy (96.7%) was highest on Saturday, 24 May.
The daily occupancy level was the highest in the market since the final night of the last year's Grand Prix (26 May 2024: 97.2%). ADR and RevPAR were above 3,000 euros for the first time.
For comparison, the 2024 event took place between 24-26 May, during which occupancy peaked on Saturday, 25 May (98.0%). ADR and RevPAR peaked at 2,925.20 euros and 2,843.46 euros, respectively, on Sunday 26 May.
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