U.S. hotel results for week ending 15 July
U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to CoStar’s latest data through 15 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to CoStar’s latest data through 15 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
9-15 July 2023 (percentage change from comparable week in 2022):
- Occupancy: 72.0% (+0.1%)
- Average daily rate (ADR): US$159.98 (+1.5%)
- Revenue per available room (RevPAR): US$115.18 (+1.6%)
Among the Top 25 Markets, San Francisco/San Mateo saw the highest year-over-year occupancy increase (+7.7% to 79.4%).
Helped by Taylor Swift’s Eras Tour, Denver posted the largest ADR (+20.1% to US$199.95) and RevPAR (+25.9% to US$177.40) gains.
The steepest RevPAR declines were seen in Chicago (-8.9% to US$126.62) and Miami (-8.3% to US$123.26).
For more information about the company and its products and services, please visit www.costargroup.com.