WASHINGTON—U.S. hotel performance showed an expected decline from the previous week as well as mixed year-over-year comparisons, according to CoStar’s latest data through Nov. 9, 2023.
U.S. Hotel Performance
October 29-November 4, 2023
Percentage change from comparable week in 2022:
Occupancy: 59.7 percent (down 4.0 percent)
ADR: $152.90 (up 2.0 percent)
RevPAR: $91.23 (down 2.1 percent)
The decrease in occupancy was anticipated with Halloween falling on Tuesday.
Among the Top 25 Markets, St. Louis saw the largest year-over-year increases in each of the three key performance metrics: occupancy (up 6.4 percent to 59.2 percent), ADR (up 12.3 percent to $131.16), and RevPAR (up 19.5 percent to $77.64). The market’s performance was helped by Metallica’s M72 World Tour.
The steepest RevPAR declines were seen in Miami (down 22.5 percent to $131.88) and Tampa (down 19.6 percent to $87.29).
