WASHINGTON – 26 October 2023 – U.S. hotel performance increased from the previous week and showed improved year-over-year comparisons, according to CoStar’s latest data through 21 October.
15-21 October 2023 (percentage change from comparable week in 2022):
- Occupancy: 69.0% (-0.8%)
- Average daily rate (ADR): US$165.32 (+3.8%)
- Revenue per available room (RevPAR): US$114.04 (+2.9%)
Among the Top 25 Markets, Seattle saw the largest year-over-year lift in occupancy (+8.5% to 76.1%).
Las Vegas posted the highest increases in ADR (+20.3% to US$257.42) and RevPAR (+23.5% to US$229.57).
Miami saw the steepest RevPAR decline (-12.3% to US$133.01).
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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.