WASHINGTON -- U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 10 February. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

4-10 February 2024 (percentage change from comparable week in 2023):

  • Occupancy: 56.2% (-2.7%)
  • Average daily rate (ADR): US$160.96 (+6.8%)
  • Revenue per available room (RevPAR): US$90.40 (+3.9%)

Among the Top 25 Markets, Oahu Island saw the largest increase in occupancy (+8.0% to 82.9%).

In its Super Bowl host week, Las Vegas reported the highest jumps in ADR (+126.1% to US$445.05) and RevPAR (+139.9% to US$335.61). Weekly occupancy grew 6.1% to 75.4%. On Friday and Saturday nights, Las Vegas’ occupancy topped 80%, and ADR ballooned to more than US$700.

Although Phoenix hosted the WM Open, the market reported the steepest RevPAR decline (-33.9% to US$198.13) because of comparison to its Super Bowl host period last year.

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 81,000 properties and 10.5 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), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.