Following seasonal patterns, U.S. hotel performance showed mixed results from the previous week but positive comparisons year over year, according to CoStar’s latest data for the week of Aug. 27-Sept. 2. CoStar is the parent company of analytics firm STR.
For the week (percentage change from comparable week in 2022):
- Occupancy: 62.7 percent (+0.2 percent)
- Average daily rate: $150.52 (+1.8 percent)
- Revenue per available room: $94.38 (+2 percent)
Top Markets
Among the top 25 markets, Minneapolis saw the largest year-over-year increases in occupancy (+19.1 percent to 74.4 percent) and RevPAR (+26.7 percent to $101.06).
Las Vegas posted the highest lift in ADR (+9.0 percent to $181.61) and the second-largest jumps in occupancy (+15.9 percent to 74.4 percent) and RevPAR (+26.3 percent to $135.07).
New Orleans reported the steepest RevPAR decline (-17.2 percent to $61.20).