Finance & DevelopmentCoStar: U.S. Hotel Performance Shows Slight Decrease From Previous Week

CoStar: U.S. Hotel Performance Shows Slight Decrease From Previous Week

WASHINGTON—U.S. hotel performance decreased slightly from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through Feb. 3, 2024.

U.S. Hotel Performance

January 28-February 3, 2024

Percentage change from comparable week in 2023:
Occupancy: 55.2 percent (down 0.1 percent)
ADR: $147.99 (up 1.9 percent)
RevPAR: $81.69 (up 1.7 percent)

Among the Top 25 Markets, Seattle saw the largest increases in occupancy (up 19.3 percent to 60.1 percent) and RevPAR (up 27.5 percent to $89.11).

Atlanta reported the highest ADR lift (up 7.6 percent to $132.07).

The steepest RevPAR declines were seen in St. Louis (down 14.5 percent to $48.16) and Las Vegas (down 9.3 percent to $166.43).

RELATED ARTICLES

New Pyramid Global Hospitality COO Continues Focus on Big Data to Benefit Owners

Pyramid Global Hospitality Chief Operating Officer Eric Habermann retired in April following seven years with the company and a nearly 40-year career in hospitality....

Grand Hyatt Kauai Resort & Spa Launches Scholarship Program

Grand Hyatt Kauai Resort & Spa, a 605-room resort, announced the launch of a scholarship program to support the continued education of its colleagues...

Hilton Surpasses 500 Hotels in Florida

MCLEAN, Virginia, and MIAMI, Florida—Hilton announced a major milestone as the company surpassed 500 open hotels across Florida. This growth was fueled in part...

Hunter Hotel Advisors Brokers Sale of Residence Inn Detroit Novi

ATLANTA, Georgia—Hunter Hotel Advisors (Hunter) announced the successful sale of the 107-key Residence Inn Detroit Novi. Spark GHC purchased the property from an institutional...

PMZ Realty Capital Arranges Loan for Hampton Inn Marysville

PMZ Realty Capital LLC announced that it has secured a $5.3 million loan for the Hampton Inn Marysville, located in Marysville, Ohio. The loan...

LivAway Suites Breaks Ground on New Property in Tucson, Arizona

SALT LAKE CITY, Utah—LivAway Suites announced the groundbreaking of its newest property in Tucson, Arizona, which marks its fourth in the state over the...