WASHINGTON – 21 March 2024 – 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. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
10-16Â 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).
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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.
