u.s. hotel performance
U.S. Hotel Results for Week Ending 25 November
CoStar Group | December 1, 2023
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% ...
U.S. Hotel Performance for October 2023
CoStar Group | November 22, 2023
WASHINGTON – 22 November 2023 – The U.S. hotel industry reported mixed performance results from the previous month, according to October 2023 from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. October 2023 (percentage change from October 2022): Occupancy: 65.8% (-1.8%) Average daily rate (ADR): US$161.56 (+3.0%) Revenue per available room (RevPAR): US$106.38 (+1.2%) Among the Top 25 Markets, New York City experienced the highest occupancy level (86.8%), which was up 3.0% year over year. Markets with the lowest occupancy for the month in...
U.S. Hotel Results for Week Ending 4 November
CoStar Group | November 9, 2023
WASHINGTON – 9 November 2023 – U.S. hotel performance showed an expected decline from the previous week as well as mixed year-over-year comparisons, according to CoStar’s latest data through 4 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 29 October through 4 November 2023 (percentage change from comparable week in 2022): Occupancy: 59.7% (-4.0%) Average daily rate (ADR): US$152.90 (+2.0%) Revenue per available room (RevPAR): US$91.23 (-2.1%) The decrease in occupancy was anticipated with Halloween falling on Tuesday. Among the Top 2...
U.S. Hotel Profitability Reflects Gains in Corporate Demand and Groups
CoStar Group | November 8, 2023
WASHINGTON – 8 November 2023 – A recent increase in U.S. hotel labor costs reflects a normalizing business mix and significant gains in group demand, according to September year-to-date P&L data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. September 2023 YTD per-available-room metrics (% change from September 2022 YTD) GOPPAR: US$75.74 (+6.2%) TRevPAR: US$208.34 (+8.6%) EBITDA PAR: US$52.95 (+5.1%) LPAR (Labor Costs): US$69.36 (+13.1%) “September labor costs were higher than the summer months even though overall dema...
U.S. Hotel Results for Week Ending 28 October
CoStar Group | November 2, 2023
WASHINGTON – 2 November 2023 – U.S. hotel performance decreased from the previous week but showed positive year-over-year comparisons, according to CoStar’s latest data through 28 October. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 22-28 October 2023 (percentage change from comparable week in 2022): Occupancy: 66.0% (+0.7%) Average daily rate (ADR): US$160.89 (+3.9%) Revenue per available room (RevPAR): US$106.16 (+4.6%) Among the Top 25 Markets, Minneapolis saw the largest year-over-year lift in occupancy (+12.7% to 64.5%). New York City...
U.S. Hotel Results for Week Ending 21 October
CoStar | October 26, 2023
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 RevP...
U.S. Hotel Industry Reports Higher Performance for September 2023
CoStar Group | October 18, 2023
WASHINGTON – 18 October 2023 – The U.S. hotel industry reported higher performance results from the previous month, according to September 2023 from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. September 2023 (percentage change from September 2022): Occupancy: 66.2% (-0.5%) Average daily rate (ADR): US$160.18 (+3.5%) Revenue per available room (RevPAR): US$106.07 (+2.9%) Among the Top 25 Markets, New York City experienced the highest occupancy level (87.6%), which was up 1.6% year over year. Markets with the lowest occupancy for the mo...
U.S. Hotel Results for Week Ending 30 September
CoStar Group | October 6, 2023
WASHINGTON – 6 October 2023 – As expected, U.S. hotel performance was lower than the previous week, but year-over-year comparisons were improved, according to CoStar’s latest data through 30 September. 24-30 September 2023 (percentage change from comparable week in 2022): Occupancy: 66.7% (+0.8%) Average daily rate (ADR): US$157.89 (+4.6%) Revenue per available room (RevPAR): US$105.31 (+5.4%) Occupancy was up year over year on the positive side of the Rosh Hashanah calendar shift. At the same time, the Yom Kippur observance led to lower levels on weekdays. The Top 25 Markets saw solid growth across all days of ...
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