U.S. Hotel Performance for Week Ending March 16th
Among the Top 25 Markets, Seattle reported the largest year-over-year increases in occupancy (+12.7% to 73.0%) and RevPAR (+21.7% to US$120.29).
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.
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% to US$120.29).
Anaheim posted the highest ADR lift (+18.0% to US$254.73).
The steepest RevPAR declines were seen in Las Vegas (-41.0% to US$167.50) and New Orleans (-19.0% to US$139.05).
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