U.S. hotel performance showed mixed year-over-year comparisons, according to CoStar’s latest data through 18 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

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).

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

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.