U.S. hotel performance showed mixed year-over-year comparisons, according to CoStar’s latest data through 18 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
12-18 November 2023 (percentage change from comparable week in 2022)
Occupancy: 62.4% (-0.6%)
Average daily rate (ADR): US$156.47 (+7.0%)
Revenue per available room (RevPAR): US$97.61 (+6.3%)
Among the Top 25 Markets, Boston saw the largest year-over-year occupancy lift (+11.0% to 77.2%).
Helped by the Formula 1 Las Vegas Grand Prix, Las Vegas posted the largest increases in ADR (+81.9% to US$350.57) and RevPAR (+58.9% to US$249.29). Despite the event, the market reported the steepest occupancy decline (-12.7% to 71.1%).
The steepest RevPAR declines were seen in Tampa (-10.4% to US$100.58) and San Diego (-8.1% to US$128.12).
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