U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to CoStar’s latest data through 15 July.
9-15 July 2023 (percentage change from comparable week in 2022):
- Occupancy: 72.0% (+0.1%)
- Average daily rate (ADR): US$159.98 (+1.5%)
Revenue per available room (RevPAR): US$115.18 (+1.6%)
Among the Top 25 Markets, San Francisco/San Mateo saw the highest year-over-year occupancy increase (+7.7% to 79.4%).
Helped by Taylor Swift’s Eras Tour, Denver posted the largest ADR (+20.1% to US$199.95) and RevPAR (+25.9% to US$177.40) gains.
