WASHINGTON—As expected ahead of the Easter holiday, U.S. hotel performance decreased from the previous week, according to CoStar’s latest data through March 30, 2024.
U.S. Hotel Performance
March 24-30, 2024
Percentage change from comparable week in 2023:
Occupancy: 62.3 percent (down 5.6 percent)
ADR: $157.14 (down 0.7 percent)
RevPAR: $97.83 (down 6.3 percent)
Among the Top 25 Markets, New York City reported the largest year-over-year increases in each of the three key performance metrics: occupancy (up 13.2 percent to 88.2 percent), ADR (up 14.1 percent to $285.98), and RevPAR (up 29.1 percent to $252.18).
The steepest RevPAR decline was seen in Houston (down 22.3 percent to $68.44) because of comparison to its NCAA Men’s Final Four host period last year.
