WASHINGTON—U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through Jan. 27, 2024.
U.S. Hotel Performance
January 21-27, 2024
Percentage change from comparable week in 2023:
Occupancy: 56.2 percent (down 0.3 percent)
ADR: $149.76 (up 5.1 percent)
RevPAR: $84.13 (up 4.8 percent)
Among the Top 25 Markets, Las Vegas saw the largest year-over-year increases in each of the three key performance metrics: occupancy (up 28.9 percent to 83.4 percent), ADR (up 46.3 percent to $228.37), and RevPAR (up 88.5 percent to $190.42). The market’s performance was driven by the SHOT Show and World of Concrete.
Helped by the AHR Expo, Chicago reported the second-highest jumps in occupancy (up 25.5 percent to 56.8 percent), ADR (up 21.2 percent to $140.49), and RevPAR (up 52.1 percent to $79.74).
The steepest RevPAR declines were seen in Atlanta (down 17.6 percent to $75.46) and Dallas (down 13.4 percent to $84.06).
