WASHINGTON – August 10, 2023 – U.S. hotel performance declined from the previous week and showed lower comparisons year over year, according to CoStar’s latest data through 5 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
30 July – 5 August 2023 (percentage change from comparable week in 2022):
- Occupancy: 68.9% (-1.0%)
- Average daily rate (ADR): US$158.10 (+2.2%)
- Revenue per available room (RevPAR): US$108.97 (+1.2%)
Among the Top 25 Markets, Boston saw the largest year-over-year increases in occupancy (+12.4% to 84.3%) and RevPAR (+25.4% to US$201.02), helped by the FAN EXPO Boston.
New York City posted the highest lift in ADR (+11.6% to US$268.31) and the second-highest occupancy (+10.4% to 86.6%) and RevPAR gains (+23.3% to US$232.41).
St. Louis saw the steepest RevPAR decline (-18.3% to US$83.64).
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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.