u.s. hotel performance
U.S. Hotel Performance Showed Mixed Results Over Previous Week
CoStar Group | February 29, 2024
[fusion_builder_container type="flex" hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" parallax_speed="0.3" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" overlay_color="" video_preview_image="" border_color="" border_style="solid" padding_top="" padding_bottom="" padding_left="" padding_right=""][fusion_builder_row][fusion_builder_column typ...
U.S. Hotel Results for Week Ending 17 February
CoStar Group | February 22, 2024
WASHINGTON – 22 February 2024 – U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 17 February. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 11-17 February 2024 (percentage change from comparable week in 2023): Occupancy: 59.2% (-2.5%) Average daily rate (ADR): US$162.24 (+4.2%) Revenue per available room (RevPAR): US$96.10 (+1.6%) Among the Top 25 Markets, Boston (+14.6% to 64.7%) and New Orleans (+14.6% to 75.7%) matched for the largest incre...
U.S. Hotel Performance for January 2024
CoStar Group | February 19, 2024
WASHINGTON – 19 February 2024 – The U.S. hotel industry reported lower performance results month over month, according to January 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. January 2024 (percentage change from January 2023): Occupancy: 51.9% (-1.7%) Average daily rate (ADR): US$146.33 (+2.7%) Revenue per available room (RevPAR): US$75.99 (+0.9%) Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (79.0%), which was up 6.2% year over year. Markets with the lowest occupancy for the month includ...
U.S. Hotel Results for Week Ending 10 February
CoStar Group | February 15, 2024
WASHINGTON – 15 February 2024 – U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 10 February. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 4-10 February 2024 (percentage change from comparable week in 2023): Occupancy: 56.2% (-2.7%) Average daily rate (ADR): US$160.96 (+6.8%) Revenue per available room (RevPAR): US$90.40 (+3.9%) Among the Top 25 Markets, Oahu Island saw the largest increase in occupancy (+8.0% to 82.9%). In its Super Bowl host...
U.S. Hotel Results for Week Ending 3 February
CoStar Group | February 8, 2024
WASHINGTON – 8 February 2024 – U.S. hotel performance decreased slightly from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 3 February. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 28 January through 3 February 2024 (percentage change from comparable week in 2023): Occupancy: 55.2% (-0.1%) Average daily rate (ADR): US$147.99 (+1.9%) Revenue per available room (RevPAR): US$81.69 (+1.7%) Among the Top 25 Markets, Seattle saw the largest increases in occupancy (+19.3% to 60.1%) and R...
U.S. Hotel Profitability Gains Led by Full-Service Chains, Major Markets
CoStar Group | February 2, 2024
WASHINGTON – 2 February 2024 – Improvement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S. hotel revenues and profits, according to 2023 P&L data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 2023 per-available-room metrics (% change from 2022) GOPPAR: US$75.83 (+8.2%) TRevPAR: US$211.49 (+9.6%) EBITDA PAR: US$53.05 (+7.6%) LPAR (Labor Costs): US$71.56 (+13.2%) “Total industry revenues and profits were well beyond 2022 levels as pricing power continued to outweigh the impac...
U.S. Hotel Results for Week Ending 27 January
CoStar Group | February 1, 2024
WASHINGTON – 1 February 2024 – U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 27 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 21-27 January 2024 (percentage change from comparable week in 2023): Occupancy: 56.2% (-0.3%) Average daily rate (ADR): US$149.76 (+5.1%) Revenue per available room (RevPAR): US$84.13 (+4.8%) Among the Top 25 Markets, Las Vegas saw the largest year-over-year increases in each of the three key performance metrics...
U.S. Hotel Results for Week Ending 20 January
CoStar Group | January 25, 2024
WASHINGTON – 25 January 2024 – U.S. hotel performance decreased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 20 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 4-20 January 2024 (percentage change from comparable week in 2023): Occupancy: 52.2% (-3.8%) Average daily rate (ADR): US$142.27 (+1.6%) Revenue per available room (RevPAR): US$74.31 (-2.2%) Among the Top 25 Markets, Seattle saw the largest year-over-year occupancy increase (+9.6% to 54.1%). Atlanta...