U.S. hotel performance was expectedly lower from the previous week, but year-over-year comparisons were positive, according to CoStar’s latest data through 16 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

10-16 December 2023 (percentage change from comparable week in 2022)

  • Occupancy: 54.7% (+1.1%)
  • Average daily rate (ADR): US$142.62 (+4.7%)
  • Revenue per available room (RevPAR): US$77.99 (+5.8%)

Among the Top 25 Markets, San Francisco saw the largest year-over-year increases in each of the three key performance metrics: occupancy (+32.0% to 70.2%), ADR (+21.5% to US$223.78) and RevPAR (+60.3% to US$157.14).

The steepest RevPAR declines were seen in Chicago (-13.5% to US$64.61) and Washington, D.C. (-6.7% to US$90.28).

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.