CoStar: U.S. hotel performance up year over year in April

The U.S. hotel industry reported mixed performance results from the previous month, but positive comparisons year over year, according to April data from CoStar. 

For the month (percentage change from April 2023):

  • Occupancy: 65.2 percent (+1.2 percent)
  • Average daily rate: $157.31 (+0.8 percent)
  • Revenue per available room: $102.51 (+2 percent)

Top Markets

Among the top 25 markets, New York City experienced the highest levels in each of the three key performance metrics: occupancy (+2.8 percent to 84.4 percent), ADR (+2.6 percent to $298.98) and RevPAR (+5.5 percent to $252.46).

Markets with the lowest occupancy for the month included Detroit (58.9 percent) and Minneapolis (59.3 percent).

The top 25 markets showed higher occupancy and ADR than all other markets.