U.S. hotel performance increased from the previous week, and year-over-year comparisons remained mixed, according to CoStar’s latest data through 14 October. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
8-14 October 2023 (percentage change from comparable week in 2022)
- Occupancy: 68.5% (-2.3%)
- Average daily rate (ADR): US$164.25 (+3.2%)
- Revenue per available room (RevPAR): US$112.51 (+0.8%)
Among the Top 25 Markets, Oahu Island saw the largest year-over-year increases in occupancy (+17.8% to 85.2%) and RevPAR (+29.7% to US$243.22).
Las Vegas posted the highest lift in ADR (+14.7% to US$226.94) and the second-largest jump in RevPAR (+21.1% to US$199.88).
New Orleans saw the steepest RevPAR decline (-28.3% to US$107.38).
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