U.S. hotel performance showed mixed results over the previous week, according to CoStar’s latest data through 2 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
25 February through 2 March 2024 (percentage change from comparable week in 2023):
- Occupancy: 62.5% (-0.3%)
- Average daily rate (ADR): US$155.29 (+2.7%)
- Revenue per available room (RevPAR): US$97.12 (+2.4%)
Among the Top 25 Markets, Seattle reported the largest year-over-year occupancy increase (+12.1% to 66.5%).
Las Vegas, helped by the NAHB International Builders’ Show, posted the highest growth in ADR (+25.4% to US$249.30) and RevPAR (+36.5% to US$217.82)
The steepest RevPAR declines were seen in Detroit (-9.8% to US$66.13) and St. Louis (-8.3% to US$62.56).
For more information about the company and its products and services, please visit www.costargroup.com.
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