U.S. Hotel Performance for Week Ending 21st October
Las Vegas posted the highest increases in ADR (+20.3% to US$257.42) and RevPAR (+23.5% to US$229.57).
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 RevPAR decline (-12.3% to US$133.01).
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