WASHINGTON—U.S. hotel performance declined slightly from the previous week but showed improved comparisons year over year, according to CoStar’s latest data through July 29, 2023.
U.S. Hotel Performance
July 23-29, 2023
Percentage change from comparable week in 2022:
Occupancy: 72.2 percent (up 0.6 percent)
ADR: $161.83 (up 2.3 percent)
RevPAR: $116.91 (up 2.9 percent)
Among the Top 25 Markets, St. Louis saw the largest year-over-year increases in occupancy (up 17.4 percent to 73.6 percent) and RevPAR (up 43.6 percent to $105.50).
Nashville reported the largest gain in ADR (up 22.4 percent to $210.31).
The steepest RevPAR declines were seen in Miami (down 14.6 percent to $121.58) and San Francisco (down 10.5 percent to $149.88).
