WASHINGTON – 22 September 2023 –U.S. hotel performance increased from the previous week, according to CoStar’s latest data through 16 September. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
10-16 September 2023 (percentage change from comparable week in 2022):
- Occupancy: 67.7% (-2.2%)
- Average daily rate (ADR): US$161.15 (+2.3%)
- Revenue per available room (RevPAR): US$109.07 (+0.1%)
Among the Top 25 Markets, Oahu Island saw the largest year-over-year occupancy increase (+7.4% to 83.6%).
Helped by Dreamforce 2023, San Francisco posted the highest jumps in ADR (+39.7% to US$345.78) and RevPAR (+33.9% to US$271.19).
New Orleans saw the steepest RevPAR decline (-23.8% to US$69.01).
For more information about the company and its products and services, please visit www.costargroup.com.
Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 78,000 properties and 10.3 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
