WASHINGTON—U.S. hotel performance increased from the previous week, while year-over-year comparisons were skewed downward due to a calendar shift, according to CoStar’s latest data through Dec. 30, 2023.
U.S. Hotel Performance
December 24-30, 2023
Percentage change from comparable week in 2022:
Occupancy: 50.1 percent (down 7.1 percent)
ADR: $163.58 (down 2.8 percent)
RevPAR: $82.01 (down 9.7 percent)
Year-over-year comparisons were negative as the comparable week from 2022 (Dec. 25-Dec. 31) ended with New Year’s Eve.
Among the Top 25 Markets, Miami saw the largest year-over-year increase in occupancy (up 3.9 percent to 79.6 percent). The market’s performance was helped by the Capital One Orange Bowl and New Year’s Eve weekend.
Anaheim posted the highest gains in ADR (up 11.9 percent to $219.71) and RevPAR (up 12.5 percent to $160.25).
The steepest RevPAR declines were seen in Las Vegas (down 28.3 percent to $112.79) and Nashville (down 27.0 percent to $80.19).
