WASHINGTON—U.S. hotel performance decreased from the previous week but showed positive comparisons year over year, according to CoStar’s latest data through March 23, 2024.
U.S. Hotel Performance
March 17-23, 2024
Percentage change from comparable week in 2023:
Occupancy: 65.3 percent (up 0.7 percent)
ADR: $162.28 (up 2.5 percent)
RevPAR: $106.01 (up 3.2 percent)
Among the Top 25 Markets, New Orleans reported the largest year-over-year increase in occupancy (up 13.6 percent to 75.5 percent).
Las Vegas posted the highest ADR lift (up 14.2 percent to $217.27).
The steepest RevPAR declines were seen in Chicago (down 12.0 percent to $87.95) and Nashville (down 10.0 percent to $131.14).
