As expected ahead of the Easter holiday, U.S. hotel performance decreased from the previous week, according to CoStar’s latest data through 30 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
24-30 March 2024 (percentage change from comparable week in 2023):
- Occupancy: 62.3% (-5.6%)
- Average daily rate (ADR): US$157.14 (-0.7%)
- Revenue per available room (RevPAR): US$97.83 (-6.3%)
Among the Top 25 Markets, New York City reported the largest year-over-year increases in each of the three key performance metrics: occupancy (+13.2% to 88.2%), ADR (+14.1% to US$285.98) and RevPAR (+29.1% to US$252.18).
The steepest RevPAR decline was seen in Houston (-22.3% to US$68.44) because of comparison to its NCAA Men’s Final Four host period last year.
For more information about the company and its products and services, please visit www.costargroup.com.
