As expected ahead of the Easter holiday, U.S. hotel performance decreased from the previous week, according to CoStar’s latest data through March 30.
March 24-30 (percentage change from comparable week in 2023):
- Occupancy: 62.3 percent (-5.6 percent)
- Average daily rate: $157.14 (-0.7 percent)
- Revenue per available room: $97.83 (-6.3 percent)
Among the top 25 markets, New York City reported the largest year-over-year increases in each of the three key performance metrics: occupancy (+13.2 percent to 88.2 percent), ADR (+14.1 percent to $285.98) and RevPAR (+29.1 percent to $252.18).
The steepest RevPAR decline was seen in Houston (-22.3 percent to $68.44) because of comparison to its NCAA Men’s Final Four host period last year.