U.S. hotel results for week ending 23 December

As anticipated ahead of the holidays, U.S. hotel performance fell from the previous week, according to CoStar’s latest data through 23 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

17-23 December 2023 (percentage change from comparable week in 2022)

• Occupancy: 43.9% (+0.5%)
• Average daily rate (ADR): US$131.97 (-0.9%)
• Revenue per available room (RevPAR): US$57.90 (-0.4%)

Among the Top 25 Markets, Boston saw the largest year-over-year increases in occupancy (+21.5% to 46.2%) and RevPAR (+23.1% to US$65.68).

Anaheim posted the highest ADR lift (+14.7% to US$190.86).

Denver (-11.7% to US$47.25) and San Francisco (-11.7% to US$58.63) matched for the steepest RevPAR declines.

For more information about the company and its products and services, please visit www.costargroup.com.