U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 27 January.
21-27 January 2024 (percentage change from comparable week in 2023):
- Occupancy: 56.2% (-0.3%)
- Average daily rate (ADR): US$149.76 (+5.1%)
- Revenue per available room (RevPAR): US$84.13 (+4.8%)
Among the Top 25 Markets, Las Vegas saw the largest year-over-year increases in each of the three key performance metrics: occupancy (+28.9% to 83.4%), ADR (+46.3% to US$228.37) and RevPAR (+88.5% to US$190.42). The market’s performance was driven by the SHOT Show and World of Concrete.
