U.S. Hotel Performance for August 2023

CoStar Group | September 21, 2023

WASHINGTON – 21 September 2023 – Following seasonal patterns, the U.S. hotel industry reported lower performance results from the previous month but improved comparisons year over year, according to August 2023 hotel performance data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. August 2023 (percentage change from August 2022): Occupancy: 66.0% (-0.3%) Average daily rate (ADR): US$153.60 (+1.8%) Revenue per available room (RevPAR): US$101.35 (+1.5%) Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (84.4%),...