WASHINGTON—Following seasonal patterns, U.S. hotel performance showed mixed results from the previous week but positive comparisons year over year, according to CoStar’s latest data through September 2, 2023.
U.S. Hotel Performance
August 27-September 2, 2023
Percentage change from comparable week in 2022:
Occupancy: 62.7 percent (up 0.2 percent)
ADR: $150.52 (up 1.8 percent)
RevPAR: $94.38 (up 2.0 percent)
Among the Top 25 Markets, Minneapolis saw the largest year-over-year increases in occupancy (up 19.1 percent to 74.4 percent) and RevPAR (up 26.7 percent to $101.06).
Las Vegas posted the highest lift in ADR (up 9.0 percent to $181.61) and the second-largest jumps in occupancy (up 15.9 percent to 74.4 percent) and RevPAR (up 26.3 percent to $135.07).
New Orleans saw the steepest RevPAR decline (down 17.2 percent to $61.20).
