WASHINGTON – 2 January 2024 – As anticipated ahead of the holidays, U.S. hotel performance fell from the previous week, according to CoStar’s latest data through 23 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
17-23 December 2023 (percentage change from comparable week in 2022):
- Occupancy: 43.9% (+0.5%)
- Average daily rate (ADR): US$131.97 (-0.9%)
- Revenue per available room (RevPAR): US$57.90 (-0.4%)
Among the Top 25 Markets, Boston saw the largest year-over-year increases in occupancy (+21.5% to 46.2%) and RevPAR (+23.1% to US$65.68).
Anaheim posted the highest ADR lift (+14.7% to US$190.86).
Denver (-11.7% to US$47.25) and San Francisco (-11.7% to US$58.63) matched for the steepest RevPAR declines.
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Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 80,000 properties and 10.5 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
