WASHINGTON – 1 December 2023 – As expected due to the Thanksgiving holiday, U.S. hotel performance fell from the previous week, according to CoStar’s latest data through 25 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
19-25Â November 2023 (percentage change from comparable week in 2022):
- Occupancy: 49.4% (-1.4%)
- Average daily rate (ADR): US$138.29 (+0.9%)
- Revenue per available room (RevPAR): US$68.32 (-0.6%)
Among the Top 25 Markets, Oahu Island saw the largest year-over-year increases in occupancy (+9.4% to 76.3%) and RevPAR (+16.3% to US$227.92).
Las Vegas posted the largest ADR lift (+10.0% to US$158.13).
The steepest RevPAR declines were seen in Minneapolis (-18.8% to US$38.93) and San Francisco (-11.4% to US$65.99).
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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.
