WASHINGTON – 22 December 2023 –U.S. hotel performance was expectedly lower from the previous week, but year-over-year comparisons were positive, according to CoStar’s latest data through 16 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
10-16Â December 2023 (percentage change from comparable week in 2022):
- Occupancy: 54.7% (+1.1%)
- Average daily rate (ADR): US$142.62 (+4.7%)
- Revenue per available room (RevPAR): US$77.99 (+5.8%)
Among the Top 25 Markets, San Francisco saw the largest year-over-year increases in each of the three key performance metrics: occupancy (+32.0% to 70.2%), ADR (+21.5% to US$223.78) and RevPAR (+60.3% to US$157.14).
The steepest RevPAR declines were seen in Chicago (-13.5% to US$64.61) and Washington, D.C. (-6.7% to US$90.28).
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Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 80,000 properties and 10.5 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
