WASHINGTON—Following seasonal patterns, U.S. hotel performance declined from the previous week but showed mostly positive comparisons year over year, according to CoStar’s latest data through August 19, 2023.
U.S. Hotel Performance
August 13-19, 2023
Percentage change from comparable week in 2022:
Occupancy: 67.0 percent (down 0.1 percent)
ADR: $154.10 (up 1.8 percent)
RevPAR: $103.22 (up 1.8 percent)
Among the Top 25 Markets, San Francisco saw the largest year-over-year occupancy increase (up 8.2 percent to 76.9 percent).
New York City posted the highest ADR (up 10.7 percent to $256.33) and RevPAR (up 19.7 percent to $214.86) increases.
Orlando saw the steepest RevPAR decline (down 8.0 percent to $89.94).
Of note, outside of the Top 25 Markets, Maui Island reported significant year-over-year declines in occupancy (down 27.6 percent to 49.0 percent) and RevPAR (down 40.8 percent to $249.49).
