Finance & DevelopmentCoStar: U.S. Hotel Performance Increases and Shows Improved Comparisons

CoStar: U.S. Hotel Performance Increases and Shows Improved Comparisons

WASHINGTON—U.S. hotel performance increased from the previous week and showed improved year-over-year comparisons, according to CoStar’s latest data through Oct. 21, 2023.

U.S. Hotel Performance

October 15-21, 2023

Percentage change from comparable week in 2022
Occupancy: 69.0 percent (down 0.8 percent)
ADR: $165.32 (up 3.8 percent)
RevPAR: $114.04 (up 2.9 percent)

Among the Top 25 Markets, Seattle saw the largest year-over-year lift in occupancy (up 8.5 percent to 76.1 percent).

Las Vegas posted the highest increases in ADR (up 20.3 percent to $257.42) and RevPAR (up 23.5 percent to $229.57).

Miami saw the steepest RevPAR decline (down 12.3 percent to $133.01).

RELATED ARTICLES

Cobblestone Hotels Announces Signing of Property in Montevallo, Alabama

NEENAH, Wisconsin—Cobblestone Hotels announces its continued growth in the state of Alabama with the signing of the Cobblestone Hotel & Suites Main Street in...

White Lodging Hires New Chief Financial Officer, Chief Legal Officer

MERRILLVILLE, Indiana—White Lodging added to its investments and development executive team with the hirings of Noah Hoppe as executive vice president and chief financial...

This Week’s Comings & Goings

Marriott International announced that Leeny Oberg, Marriott’s chief financial officer and executive vice president, development, has decided to retire effective March 31, 2026. Read...

LODGING Exclusive: HVMG’s HVAnalytics Powers Smarter Hotel Performance

Amplifying operations is critical for the hospitality industry, especially in times of uncertainty. The hotel transaction market specifically has experienced a recent slowdown, leading...

Smart Hotel Manager Announces Collaboration With Remington Hospitality

DOVER, Delaware—Smart Hotel Manager announced that the company is working with Remington Hospitality to advance its Live Safety platform. The collaboration reflects a shared...

Coury Hospitality Expands Portfolio With Two Management Agreements

DALLAS, Texas—Coury Hospitality announced that it has assumed management of Plunge Beach Resort in Lauderdale-by-the-Sea, Florida, and Residence Inn Alexandria Old Town South at...