WASHINGTON—U.S. hotel performance increased from the previous week, and year-over-year comparisons remained mixed, according to CoStar’s latest data through Oct. 14, 2023.
U.S. Hotel Performance
October 8-14, 2023
Percentage change from comparable week in 2022:
Occupancy: 68.5 percent (down 2.3 percent)
ADR: $164.25 (up 3.2 percent)
RevPAR: $112.51 (up 0.8 percent)
Among the Top 25 Markets, Oahu Island saw the largest year-over-year increases in occupancy (up 17.8 percent to 85.2 percent) and RevPAR (up 29.7 percent to $243.22).
Las Vegas posted the highest lift in ADR (up 14.7 percent to $226.94) and the second-largest jump in RevPAR (up 21.1 percent to $199.88).
New Orleans saw the steepest RevPAR decline (down 28.3 percent to $107.38).