U.S. hotel performance increased from the previous week and showed positive year-over-year comparisons, according to CoStar’s latest data through 11 November.
5-11 November 2023 (percentage change from comparable week in 2022):
- Occupancy: 64.8% (+0.8%)
- Average daily rate (ADR): US$156.01 (+4.0%)
- Revenue per available room (RevPAR): US$101.13 (+4.9%)
Among the Top 25 Markets, Denver saw the largest year-over-year occupancy lift (+9.0% to 69.3%).
Dallas reported the largest increases in ADR (+12.6% to US$136.34) and RevPAR (+22.3% to US$101.84).
The steepest RevPAR declines were seen in New Orleans (-13.4% to US$117.26) and San Diego (-8.6% to US$138.29).
CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. For more information about the company and its products and services, please visit www.costargroup.com.