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U.S. hotel performance decreased from the previous week but showed positive comparisons year over year, according to CoStar’s latest data through 23 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

17-23 March 2024 (percentage change from comparable week in 2023):

  • Occupancy: 65.3% (+0.7%)
  • Average daily rate (ADR): US$162.28 (+2.5%)
  • Revenue per available room (RevPAR): US$106.01 (+3.2%)

Among the Top 25 Markets, New Orleans reported the largest year-over-year increase in occupancy (+13.6% to 75.5%).

Las Vegas posted the highest ADR lift (+14.2% to US$217.27).

The steepest RevPAR declines were seen in Chicago (-12.0% to US$87.95) and Nashville (-10.0% to US$131.14).

For more information about the company and its products and services, please visit www.costargroup.com.