U.S. hotel performance increased from the previous week but showed continued declines year over year, according to CoStar’s latest data through 16 March.
10-16 March 2024 (percentage change from comparable week in 2023):
- Occupancy: 66.5% (-1.4%)
- Average daily rate (ADR): US$163.21 (-2.1%)
- Revenue per available room (RevPAR): US$108.51 (-3.5%)
Among the Top 25 Markets, Seattle reported the largest year-over-year increases in occupancy (+12.7% to 73.0%) and RevPAR (+21.7% to US$120.29).
