Hotel performance during the two weeks leading up to Christmas were a mixed bag both week over week and year over year.
Dec. 10-16
For the week of Dec. 10-16, U.S. hotel performance was expectedly lower from the previous week, but year-over-year comparisons were positive.
For the week (percentage change from comparable week in 2022):
- Occupancy: 54.7 percent (+1.1 percent)
- Average daily rate: $142.62 (+4.7 percent)
- Revenue per available room: $77.99 (+5.8 percent)
Among CoStar's top 25 markets, San Francisco saw the largest year-over-year increases in each of the three key performance metrics: occupancy (+32 percent to 70.2 percent), ADR (+21.5 percent to $223.78) and RevPAR (+60.3 percent to $157.14).
The steepest RevPAR declines were seen in Chicago (-13.5 percent to $64.61) and Washington, D.C. (-6.7 percent to $90.28).
Dec. 17-23
As anticipated ahead of the holidays, U.S. hotel performance fell during the week of Dec. 17-23 from the previous week.
For the week (percentage change from comparable week in 2022):
- Occupancy: 43.9 percent (+0.5 percent)
- ADR: $131.97 (-0.9 percent)
- RevPAR: $57.90 (-0.4 percent)
Among the top 25 markets, Boston reported the largest year-over-year increases in occupancy (+21.5 percent to 46.2 percent) and RevPAR (+23.1 percent to $65.68).
Anaheim, Calif., posted the highest ADR lift (+14.7 percent to $190.86).
Denver (-11.7 percent to $47.25) and San Francisco (-11.7 percent to $58.63) matched for the steepest RevPAR declines.