U.S. weekly hotel results: Oct. 29-Nov. 4

U.S. hotel performance showed an expected decline from the previous week as well as mixed year-over-year comparisons, according to CoStar’s latest data. 
 
Oct. 29-Nov. 4 (percentage change from comparable week in 2022)

  • Occupancy: 59.7 percent (-4.0 percent)
  • Average daily rate: $152.90 (+2.0 percent)
  • Revenue per available room: $91.23 (-2.1 percent) 

The decrease in occupancy was anticipated with Halloween falling on Tuesday.

Among the top 25 markets, St. Louis saw the largest year-over-year increases in each of the three key performance metrics: occupancy (+6.4 percent to 59.2 percent), ADR (+12.3 percent to $131.16), and RevPAR (+19.5 percent to $77.64). The market’s performance was helped by Metallica’s M72 World Tour.

The steepest RevPAR declines were seen in Miami (-22.5 percent to $131.88) and Tampa (-19.6 percent to $87.29).