U.S. Hotel Performance Showed Mixed Results for the Week Ending September 9th
St. Louis saw the steepest RevPAR decline (-19.8% to US$60.02)
Continuing seasonal patterns, U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through 9 September.
3-9 September 2023 (percentage change from comparable week in 2022):
- Occupancy: 60.3% (-1.9%)
- Average daily rate (ADR): US$150.66 (+1.8%)
- Revenue per available room (RevPAR): US$90.86 (-0.1%)
Among the Top 25 Markets, Denver saw the largest year-over-year increases in each of the key performance metrics: occupancy (+8.0% to 76.3%), ADR (+12.5% to US$163.16) and RevPAR (+21.4% to US$124.56).
Helped by the US Open and New York Fashion Week, New York City posted the second-highest jumps in ADR (+11.5% to US$348.39) and RevPAR (+15.1% to US$308.83).
St. Louis saw the steepest RevPAR decline (-19.8% to US$60.02).
CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. For more information about the company and its products and services, please visit www.costargroup.com.
Categories: Trends