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Finance & DevelopmentCoStar: U.S. Hotel Performance Increases and Improves Year Over Year

CoStar: U.S. Hotel Performance Increases and Improves Year Over Year

WASHINGTON—U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to CoStar’s latest data through July 15, 2023. CoStar is a provider of online real estate marketplaces, information, and analytics in the property markets.

U.S. Hotel Performance 

July 9-15, 2023

Percentage change from comparable week in 2022:
Occupancy: 72.0 percent (up 0.1 percent)
ADR: $159.98 (up 1.5 percent)
RevPAR: $115.18 (up 1.6 percent)

Among the Top 25 Markets, San Francisco/San Mateo saw the highest year-over-year occupancy increase (up 7.7 percent to 79.4 percent).

Helped by Taylor Swift’s Eras Tour, Denver posted the largest ADR (up 20.1 percent to $199.95) and RevPAR (up 25.9 percent to $177.40) gains.

The steepest RevPAR declines were seen in Chicago (down 8.9 percent to $126.62) and Miami (down 8.3 percent to $123.26).

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