WASHINGTON – 1 December 2023 – As expected due to the Thanksgiving holiday, U.S. hotel performance fell from the previous week, according to CoStar’s latest data through 25 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

19-25 November 2023 (percentage change from comparable week in 2022):

  • Occupancy: 49.4% (-1.4%)
  • Average daily rate (ADR): US$138.29 (+0.9%)
  • Revenue per available room (RevPAR): US$68.32 (-0.6%)

Among the Top 25 Markets, Oahu Island saw the largest year-over-year increases in occupancy (+9.4% to 76.3%) and RevPAR (+16.3% to US$227.92).

Las Vegas posted the largest ADR lift (+10.0% to US$158.13).

The steepest RevPAR declines were seen in Minneapolis (-18.8% to US$38.93) and San Francisco (-11.4% to US$65.99).

For more information about the company and its products and services, please visit www.costargroup.com.

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.