WASHINGTON—As expected due to the Thanksgiving holiday, U.S. hotel performance fell from the previous week, according to CoStar’s latest data through Nov. 25, 2023.
U.S. Hotel Performance
November 19-25, 2023
Percentage change from comparable week in 2022
Occupancy: 49.4 percent (down 1.4 percent)
ADR: $138.29 (up 0.9 percent)
RevPAR: $68.32 (down 0.6 percent)
Among the Top 25 Markets, Oahu Island saw the largest year-over-year increases in occupancy (up 9.4 percent to 76.3 percent) and RevPAR (up 16.3 percent to $227.92).
Las Vegas posted the largest ADR lift (up 10.0 percent to $158.13).
The steepest RevPAR declines were seen in Minneapolis (down 18.8 percent to $38.93) and San Francisco (down 11.4 percent to $65.99).
