U.S. hotel results for week ending 16 March
U.S. hotel performance increased from the previous week but showed continued declines year over year, according to CoStar’s latest data through 16 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
10-16 March 2024 (percentage change from comparable week in 2023):
- Occupancy: 66.5% (-1.4%)
- Average daily rate (ADR): US$163.21 (-2.1%)
- Revenue per available room (RevPAR): US$108.51 (-3.5%)
Among the Top 25 Markets, Seattle reported the largest year-over-year increases in occupancy (+12.7% to 73.0%) and RevPAR (+21.7% to US$120.29).
Anaheim posted the highest ADR lift (+18.0% to US$254.73).
The steepest RevPAR declines were seen in Las Vegas (-41.0% to US$167.50) and New Orleans (-19.0% to US$139.05).
For more information about the company and its products and services, please visit www.costargroup.com.