WASHINGTON – 18 October 2023 – The U.S. hotel industry reported higher performance results from the previous month, according to September 2023 from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
September 2023 (percentage change from September 2022):
- Occupancy: 66.2% (-0.5%)
- Average daily rate (ADR): US$160.18 (+3.5%)
- Revenue per available room (RevPAR): US$106.07 (+2.9%)
Among the Top 25 Markets, New York City experienced the highest occupancy level (87.6%), which was up 1.6% year over year.
Markets with the lowest occupancy for the month included New Orleans (53.0%) and Houston (59.5%).
The Top 25 Markets showed higher occupancy and ADR than all other markets.
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Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 78,000 properties and 10.3 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
