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).
