WASHINGTON – 24 August 2023 – Following seasonal patterns, U.S. hotel performance declined from the previous week but showed most positive comparisons year over year, according to CoStar’s latest data through 19 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
13-19 August 2023 (percentage change from comparable week in 2022):
- Occupancy: 67.0% (-0.1%)
- Average daily rate (ADR): US$154.10 (+1.8%)
- Revenue per available room (RevPAR): US$103.22 (+1.8%)
Among the Top 25 Markets, San Francisco saw the largest year-over-year occupancy increase (+8.2% to 76.9%).
New York City posted the highest ADR (+10.7% to US$256.33) and RevPAR (+19.7% to US$214.86) increases.
Orlando saw the steepest RevPAR decline (-8.0% to US$89.94).
Of note, outside of the Top 25 Markets, Maui Island reported significant year-over-year declines in occupancy (-27.6% to 49.0%) and RevPAR (-40.8% to US$249.49). A further breakdown of the wildfire impact will be included in the next STR Weekly Insights published on Friday, 25 August.
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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.