u.s. hotel performance
U.S. Hotel Results for Week Ending 23 March
CoStar Group | March 28, 2024
WASHINGTON – 28 March 2024 – U.S. hotel performance decreased from the previous week but showed positive comparisons year over year, according to CoStar’s latest data through 23 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 17-23 March 2024 (percentage change from comparable week in 2023): Occupancy: 65.3% (+0.7%) Average daily rate (ADR): US$162.28 (+2.5%) Revenue per available room (RevPAR): US$106.01 (+3.2%) Among the Top 25 Markets, New Orleans reported the largest year-over-year increase in occupancy (+13.6% to 75.5%). ...
U.S. Hotel Results for Week Ending 16 March
CoStar Group | March 21, 2024
WASHINGTON – 21 March 2024 – U.S. hotel performance increased from the previous week but showed continued declines year over year, according to CoStar’s latest data through 16 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 10-16 March 2024 (percentage change from comparable week in 2023): Occupancy: 66.5% (-1.4%) Average daily rate (ADR): US$163.21 (-2.1%) Revenue per available room (RevPAR): US$108.51 (-3.5%) Among the Top 25 Markets, Seattle reported the largest year-over-year increases in occupancy (+12.7% to 73.0%) and RevPAR (+21.7% ...
U.S. Hotel Performance for February 2024
CoStar Group | March 19, 2024
WASHINGTON – 19 March 2024 – The U.S. hotel industry reported higher performance results month over month, according to February 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. February 2024 (percentage change from February 2023): Occupancy: 58.9% (-1.8%) Average daily rate (ADR): US$158.23 (+3.9%) Revenue per available room (RevPAR): US$93.19 (+2.0%) Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (84.0%), which was up 6.6% year over year. Helped by Super Bowl LVIII, Las Vegas reported the...
U.S. Hotel Results for Week Ending 9 March
CoStar Group | March 14, 2024
WASHINGTON – 14 March 2024 – U.S. hotel performance increased from the previous week but declined year over year, according to CoStar’s latest data through 9 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 3-9 March 2024 (percentage change from comparable week in 2023): Occupancy: 63.2% (-2.2%) Average daily rate (ADR): US$156.96 (-0.6%) Revenue per available room (RevPAR): US$99.17 (-2.8%) Among the Top 25 Markets, Minneapolis reported the largest year-over-year increases in each of the three key performance metrics: occupancy (...
U.S. Hotel Results for Week Ending 2 March
CoStar Group | March 7, 2024
WASHINGTON – 7 March 2024 – U.S. hotel performance was mostly positive year over year, according to CoStar’s latest data through 2 March. 25 February through 2 March 2024 (percentage change from comparable week in 2023): Occupancy: 62.5% (-0.3%) Average daily rate (ADR): US$155.29 (+2.7%) Revenue per available room (RevPAR): US$97.12 (+2.4%) Among the Top 25 Markets, Seattle reported the largest year-over-year occupancy increase (+12.1% to 66.5%). Las Vegas, helped by the NAHB International Builders’ Show, posted the highest growth in ADR (+25.4% to US$249.30) and RevPAR (+36.5% to US$217.82) The steepest...
U.S. Hotel Performance Showed Mixed Results Over Previous Week
CoStar Group | February 29, 2024
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U.S. Hotel Results for Week Ending 17 February
CoStar Group | February 22, 2024
WASHINGTON – 22 February 2024 – U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 17 February. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 11-17 February 2024 (percentage change from comparable week in 2023): Occupancy: 59.2% (-2.5%) Average daily rate (ADR): US$162.24 (+4.2%) Revenue per available room (RevPAR): US$96.10 (+1.6%) Among the Top 25 Markets, Boston (+14.6% to 64.7%) and New Orleans (+14.6% to 75.7%) matched for the largest incre...
U.S. Hotel Performance for January 2024
CoStar Group | February 19, 2024
WASHINGTON – 19 February 2024 – The U.S. hotel industry reported lower performance results month over month, according to January 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. January 2024 (percentage change from January 2023): Occupancy: 51.9% (-1.7%) Average daily rate (ADR): US$146.33 (+2.7%) Revenue per available room (RevPAR): US$75.99 (+0.9%) Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (79.0%), which was up 6.2% year over year. Markets with the lowest occupancy for the month includ...
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