us hotel performance
U.S. Hotel Results for Week Ending 5 October
CoStar Group | October 11, 2024
WASHINGTON – 11 October 2024 – Due to Rosh Hashana, the U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 5 October. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 29 September through 5 October 2024 (percentage change from comparable week in 2023): Occupancy: 65.6% (-3.4%) Average daily rate (ADR): US$156.25 (-4.4%) Revenue per available room (RevPAR): US$102.44 (-7.7%) Among the Top 25 Markets, Tampa saw the highest year-over-year increases in occupancy (+24.1% to 81.3%) and RevPAR (...
U.S. Hotel Results for Week Ending 13 July
CoStar Group | July 18, 2024
WASHINGTON – 18 July 2024 – The U.S. hotel industry reported higher performance results than the previous week but lower comparisons year over year, according to CoStar’s latest data through 13 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 7-13 July 2024 (percentage change from comparable week in 2023): Occupancy: 69.2% (-3.7%) Average daily rate (ADR): US$158.21 (-1.5%) Revenue per available room (RevPAR): US$109.51 (-5.2%) Among the Top 25 Markets, Houston saw the highest year-over-year increases in each of the three key performance met...
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 Performance for November 2023
CoStar Group | December 20, 2023
WASHINGTON – 20 December 2023 – As expected, the U.S. hotel industry reported lower performance results from the previous month but improved year-over-year comparisons, according to November 2023 from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. November 2023 (percentage change from November 2022): Occupancy: 58.4% (-1.2%) Average daily rate (ADR): US$151.23 (+3.6%) Revenue per available room (RevPAR): US$88.36 (+2.4%) Among the Top 25 Markets, New York City experienced the highest occupancy level (84.0%), which was up 6.3% year over year...
U.S. Hotel Results for Week Ending 4 November
CoStar Group | November 9, 2023
WASHINGTON – 9 November 2023 – U.S. hotel performance showed an expected decline from the previous week as well as mixed year-over-year comparisons, according to CoStar’s latest data through 4 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 29 October through 4 November 2023 (percentage change from comparable week in 2022): Occupancy: 59.7% (-4.0%) Average daily rate (ADR): US$152.90 (+2.0%) Revenue per available room (RevPAR): US$91.23 (-2.1%) The decrease in occupancy was anticipated with Halloween falling on Tuesday. Among the Top 2...
U.S. Hotel Industry Reports Higher Performance for September 2023
CoStar Group | October 18, 2023
WASHINGTON – 18 October 2023 – The U.S. hotel industry reported higher performance results from the previous month, according to September 2023 from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. September 2023 (percentage change from September 2022): Occupancy: 66.2% (-0.5%) Average daily rate (ADR): US$160.18 (+3.5%) Revenue per available room (RevPAR): US$106.07 (+2.9%) Among the Top 25 Markets, New York City experienced the highest occupancy level (87.6%), which was up 1.6% year over year. Markets with the lowest occupancy for the mo...
U.S. Hotel Results for Week Ending 7 October
CoStar Group | October 13, 2023
WASHINGTON – 13 October 2023 – U.S. hotel performance increased from the previous week, and year-over-year comparisons were mostly positive, according to CoStar’s latest data through 7 October. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 1-7 October 2023 (percentage change from comparable week in 2022): Occupancy: 67.8% (-0.2%) Average daily rate (ADR): US$163.19 (+5.4%) Revenue per available room (RevPAR): US$110.68 (+5.2%) Percentage changes were positive on weekdays because of comparisons with the Yom Kippur period last year. Performance lev...
U.S. Hotel Results for Week Ending 30 September
CoStar Group | October 6, 2023
WASHINGTON – 6 October 2023 – As expected, U.S. hotel performance was lower than the previous week, but year-over-year comparisons were improved, according to CoStar’s latest data through 30 September. 24-30 September 2023 (percentage change from comparable week in 2022): Occupancy: 66.7% (+0.8%) Average daily rate (ADR): US$157.89 (+4.6%) Revenue per available room (RevPAR): US$105.31 (+5.4%) Occupancy was up year over year on the positive side of the Rosh Hashanah calendar shift. At the same time, the Yom Kippur observance led to lower levels on weekdays. The Top 25 Markets saw solid growth across all days of ...
