WASHINGTON—U.S. hotel performance increased from the previous week according to CoStar’s latest data through Sept. 23, 2023.
U.S. Hotel Performance
September 17-23, 2023
Percentage change from comparable week in 2022:
Occupancy: 68.5 percent (down 1.6 percent)
ADR: $164.97 (up 2.9 percent)
RevPAR: $112.96 (up 1.2 percent)
Occupancy remained down year over year due to the Rosh Hashanah calendar shift.
Among the Top 25 Markets, Minneapolis saw the largest year-over-year occupancy increase (up 7.4 percent to 71.3 percent).
Helped by the United Nations General Assembly, New York City posted the highest jumps in ADR (up 16.5 percent to $488.89) and RevPAR (up 17.6 percent to $444.47).
San Francisco saw the steepest RevPAR decline (down 38.6 percent to $175.81), due to the Dreamforce calendar shift.