U.S. hotel performance decreased slightly from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 3 February.
28 January through 3 February 2024 (percentage change from comparable week in 2023):
Occupancy: 55.2% (-0.1%)
Average daily rate (ADR): US$147.99 (+1.9%)
Revenue per available room (RevPAR): US$81.69 (+1.7%)
Among the Top 25 Markets, Seattle saw the largest increases in occupancy (+19.3% to 60.1%) and RevPAR (+27.5% to US$89.11).
Atlanta reported the highest ADR lift (+7.6% to US$132.07).
The steepest RevPAR declines were seen in St. Louis (-14.5% to US$48.16) and Las Vegas (-9.3% to US$166.43).
