Finance & DevelopmentFinanceCoStar: U.S. Hotel Performance Increases, Comparisons Stay Mixed

CoStar: U.S. Hotel Performance Increases, Comparisons Stay Mixed

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. 13, 2024.

U.S. Hotel Performance

January 7-13, 2024

Percentage change from comparable week in 2023:
Occupancy: 53.3 percent (down 2.8 percent)
ADR: $153.84 (up 6.3 percent)
RevPAR: $81.96 (down 3.3 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 29.0 percent to 79.8 percent), ADR (up 77.3 percent to $283.74), and RevPAR (up 128.8 percent to $226.34). The market’s performance was helped by the Consumer Electronics Show.

The steepest RevPAR declines were seen in Atlanta (down 31.1 percent to $64.34) and Los Angeles (down 16.6 percent to $112.60).

RELATED ARTICLES

Henderson Beach Resort Announces Opening of Primrose Coastal Italian

DESTIN, Florida—Henderson Beach Resort announced the official opening of Primrose Coastal Italian, its signature restaurant led by executive chef Scott Plumley. Now open to...

JLL Announces Sale of Clarion Hotel Airport in Portland, Maine

BOSTON, Massachusetts—JLL’s Hotels & Hospitality Group announced the sale of the Clarion Hotel Airport, a 149-room full-service hotel in Portland, Maine. JLL represented the...

Tech Talk: International Hospitality Technology Hall of Fame Inductee Luis Segredo on Driving Innovation

LODGING recently spoke with 2025 International Hospitality Technology Hall of Fame inductee Luis Segredo, CEO of Hapi (Hotel API) and Data Travel, LLC, which...

Short-Term Restraint: Understanding the Effect of Federal Policy Changes on Lodging Demand 

Predicting future demand for the U.S. lodging industry is challenging even in stable economic times. The factors that drive hotel demand are varied and...

The Highland Dallas Completes Renovation

DALLAS, Texas—The Highland Dallas announced the completion of its renovation, which was led by interior design firm BAMO, Inc. The redesign updated the hotel’s guestrooms, lobby,...

Access Point Financial Provides Refinancing of Four-Hotel Portfolio

ATLANTA, Georgia—Officials of Access Point Financial (APF) announced that the company has directly provided a $55 million loan to H&S Properties Development Corp. to refinance...