WASHINGTON - Following seasonal patterns, U.S. hotel performance declined from the previous week but showed positive comparisons year over year, according to CoStar’s latest data through 26 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

20-26 August 2023 (percentage change from comparable week in 2022):

  • Occupancy: 65.0% (+0.4%)
  • Average daily rate (ADR): US$150.23 (+1.7%)
  • Revenue per available room (RevPAR): US$97.62 (+2.1%)

Among the Top 25 Markets, Las Vegas saw the largest year-over-year occupancy increase (+7.9% to 76.3%).

Houston posted the highest ADR (+10.5% to US$112.08) and RevPAR (+17.8% to US$64.45) increases.

Miami saw the steepest RevPAR decline (-11.0% to US$102.75).

Of note, outside of the Top 25 Markets, Maui Island reported higher performance from the week prior, but still showed significant year-over-year declines in occupancy (-17.1% to 53.6%) and RevPAR (-26.7% to US$271.21). A further breakdown of the wildfire impact will be included in the next STR Weekly Insights published on Friday, 1 September.

For more information about the company and its products and services, please visit www.costargroup.com.

Additional Performance Data: CoStar’s world-leading hotel performance sample comprises 78,000 properties and 10.3 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets. For more information, please visit str.com and costargroup.com.

Haley Luther
Communications Manager
+1 (216) 278 0627
STR

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