u.s. hotel performance
U.S. Hotel Performance for March 2024
CoStar Group | April 22, 2024
WASHINGTON – 22 April 2024 – The U.S. hotel industry reported higher performance results from the previous month, but mixed comparisons year over year, according to March 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. March 2024 (percentage change from March 2023): Occupancy: 63.7% (-2.5%) Average daily rate (ADR): US$159.79 (+0.4%) Revenue per available room (RevPAR): US$101.81 (-2.2%) Among the Top 25 Markets, Miami experienced the highest levels in each of the three key performance metrics: occupancy (+2.3% to 83.5%), ADR...
U.S. Hotel Results for Week Ending 13 April
CoStar Group | April 18, 2024
WASHINGTON – 18 April 2024 – Helped by the total solar eclipse, U.S. hotel performance increased from the previous week, according to CoStar’s latest data through 13 April. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 7-13 April 2024 (percentage change from comparable week in 2023): Occupancy: 65.8% (+2.8%) Average daily rate (ADR): US$160.20 (+2.9%) Revenue per available room (RevPAR): US$105.48 (+5.8%) Among the Top 25 Markets, Philadelphia reported the largest year-over-year increase in occupancy (+23.2% to 77.0%) and RevPAR (+45.7% to US$1...
U.S. Hotel Results for Week Ending 6 April
CoStar Group | April 12, 2024
WASHINGTON – 12 April 2024 – U.S. hotel performance showed mixed results from the previous week but positive comparisons year over year, according to CoStar’s latest data through 6 April. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 31 March through 6 April 2024 (percentage change from comparable week in 2023): Occupancy: 64.1% (+4.7%) Average daily rate (ADR): US$156.96 (+2.1%) Revenue per available room (RevPAR): US$100.59 (+6.9%) Among the Top 25 Markets, Philadelphia reported the largest year-over-year occupancy lift (+17.5% to 66.1%) and t...
U.S. hotel results for week ending 30 March
CoStar Group | April 4, 2024
WASHINGTON – 4 April 2024 – As expected ahead of the Easter holiday, U.S. hotel performance decreased from the previous week, according to CoStar’s latest data through 30 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 24-30 March 2024 (percentage change from comparable week in 2023): Occupancy: 62.3% (-5.6%) Average daily rate (ADR): US$157.14 (-0.7%) Revenue per available room (RevPAR): US$97.83 (-6.3%) Among the Top 25 Markets, New York City reported the largest year-over-year increases in each of the three key performance metrics: occu...
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 (...
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