U.S. hotel results for week ending 26 August
Following seasonal patterns, U.S. hotel performance declined from the previous week but showed positive comparisons year over year, according to CoStar’s latest data through 26 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
WASHINGTON - Following seasonal patterns, U.S. hotel performance declined from the previous week but showed positive comparisons year over year, according to CoStar’s latest data through 26 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
20-26 August 2023 (percentage change from comparable week in 2022):
- Occupancy: 65.0% (+0.4%)
- Average daily rate (ADR): US$150.23 (+1.7%)
- Revenue per available room (RevPAR): US$97.62 (+2.1%)
Among the Top 25 Markets, Las Vegas saw the largest year-over-year occupancy increase (+7.9% to 76.3%).
Houston posted the highest ADR (+10.5% to US$112.08) and RevPAR (+17.8% to US$64.45) increases.
Miami saw the steepest RevPAR decline (-11.0% to US$102.75).
Of note, outside of the Top 25 Markets, Maui Island reported higher performance from the week prior, but still showed significant year-over-year declines in occupancy (-17.1% to 53.6%) and RevPAR (-26.7% to US$271.21). A further breakdown of the wildfire impact will be included in the next STR Weekly Insights published on Friday, 1 September.
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Additional Performance Data: CoStar’s world-leading hotel performance sample comprises 78,000 properties and 10.3 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
Media Contact
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