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.
24-30Â 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: occupancy (+13.2% to 88.2%), ADR (+14.1% to US$285.98) and RevPAR (+29.1% to US$252.18).
The steepest RevPAR decline was seen in Houston (-22.3% to US$68.44) because of comparison to its NCAA Men’s Final Four host period last year.
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Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 81,000 properties and 10.5 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
