Home Hotels U.S. Hotel Performance for Week Ending 18th November, 2023

U.S. Hotel Performance for Week Ending 18th November, 2023

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Las Vegas - Unsplash
  Helped by the Formula 1 Las Vegas Grand Prix, Las Vegas posted the largest increases in ADR (+81.9% to US$350.57) and RevPAR (+58.9% to US$249.29).

U.S. hotel performance showed mixed year-over-year comparisons, according to CoStar’s latest data through 18 November.
 
12-18 November 2023 (percentage change from comparable week in 2022)

  • Occupancy: 62.4% (-0.6%)
  • Average daily rate (ADR): US$156.47 (+7.0%)
  • Revenue per available room (RevPAR): US$97.61 (+6.3%) 

Among the Top 25 Markets, Boston saw the largest year-over-year occupancy lift (+11.0% to 77.2%).  

Helped by the Formula 1 Las Vegas Grand Prix, Las Vegas posted the largest increases in ADR (+81.9% to US$350.57) and RevPAR (+58.9% to US$249.29). Despite the event, the market reported the steepest occupancy decline (-12.7% to 71.1%). 

The steepest RevPAR declines were seen in Tampa (-10.4% to US$100.58) and San Diego (-8.1% to US$128.12).

CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. For more information about the company and its products and services, please visit www.costargroup.com.

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