WASHINGTON—U.S. hotel performance increased from the previous week according to CoStar’s latest data through Sept. 16, 2023.
U.S. Hotel Performance
Sept. 10-16, 2023
Percentage change from comparable week in 2022:
Occupancy: 67.7 percent (down 2.2 percent)
ADR: $161.15 (up 2.3 percent)
RevPAR: $109.07 (up 0.1 percent)
Among the Top 25 Markets, Oahu Island saw the largest year-over-year occupancy increase (up 7.4 percent to 83.6 percent).
Helped by Dreamforce 2023, San Francisco posted the highest jumps in ADR (up 39.7 percent to $345.78) and RevPAR (up 33.9 percent to $271.19).
New Orleans saw the steepest RevPAR decline (down 23.8 percent to $69.01).
