U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through 20 April. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
14-20 April 2024 (percentage change from comparable week in 2023):
- Occupancy: 66.8% (-0.3%)
- Average daily rate (ADR): US$158.60 (+1.5%)
- Revenue per available room (RevPAR): US$105.94 (+1.2%)
Among the Top 25 Markets, Philadelphia reported the largest year-over-year increases in occupancy (+14.3% to 72.1%) and RevPAR (+23.2% to US$114.11).
Washington, D.C., posted the only double-digit lift in ADR (+10.0% to US$226.25).
The steepest RevPAR declines were seen in Chicago (-16.2% to US$105.97) and San Francisco (-9.7% to US$123.76).
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