U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 13 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
7-13 January 2024 (percentage change from comparable week in 2023):
- Occupancy: 53.3% (-2.8%)
- Average daily rate (ADR): US$153.84 (+6.3%)
- Revenue per available room (RevPAR): US$81.96 (+3.3%)
Among the Top 25 Markets, Las Vegas saw the largest year-over-year increases in each of the three key performance metrics: occupancy (+29.0% to 79.8%), ADR (+77.3% to US$283.74) and RevPAR (+128.8% to US$226.34). The market’s performance was helped by the Consumer Electronics Show.
The steepest RevPAR declines were seen in Atlanta (-31.1% to US$64.34) and Los Angeles (-16.6% to US$112.60).
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