WASHINGTON—Continuing seasonal patterns, U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through September 9, 2023.
U.S. Hotel Performance
September 3-9, 2023
Percentage change from comparable week in 2022
Occupancy: 60.3 percent (down 1.9 percent)
ADR: $150.66 (up 1.8 percent)
RevPAR: $90.86 (down 0.1 percent)
Among the Top 25 Markets, Denver saw the largest year-over-year increases in each of the key performance metrics: occupancy (up 8.0 percent to 76.3 percent), ADR (up 12.5 percent to $163.16), and RevPAR (up 21.4 percent to $124.56).
Helped by the U.S. Open and New York Fashion Week, New York City posted the second-highest jumps in ADR (up 11.5 percent to $348.39) and RevPAR (up 15.1 percent to $308.83).
St. Louis saw the steepest RevPAR decline (down 19.8 percent to $60.02).
