U.S. hotel results for week ending 5 August
U.S. hotel performance declined from the previous week and showed lower comparisons year over year, according to CoStar’s latest data through 5 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotel performance declined from the previous week and showed lower comparisons year over year, according to CoStar’s latest data through 5 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
30 July through 5 August 2023 (percentage change from comparable week in 2022):
- Occupancy: 68.9% (-1.0%)
- Average daily rate (ADR): US$158.10 (+2.2%)
- Revenue per available room (RevPAR): US$108.97 (+1.2%)
Among the Top 25 Markets, Boston saw the largest year-over-year increases in occupancy (+12.4% to 84.3%) and RevPAR (+25.4% to US$201.02), helped by the FAN EXPO Boston.
New York City posted the highest lift in ADR (+11.6% to US$268.31) and the second-highest occupancy (+10.4% to 86.6%) and RevPAR gains (+23.3% to US$232.41).
St. Louis
saw the steepest RevPAR decline (-18.3% to US$83.64).
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