CoStar: U.S. Hotel Industry Reports Lower Performance From November
WASHINGTON—As expected, the U.S. hotel industry reported lower performance results from the previous month but improved year-over-year comparisons, according to November 2023 data from CoStar. U.S. Hotel Performance November 2023 Percentage change from November 2022: Occupancy: 58.4 percent (down 1.2 percent)ADR: $151.23 (up 3.6 percent)RevPAR: $88.36 (up 2.4 percent) Among the Top 25 Markets, New York City experienced the highest occupancy level (84.0 percent), which was up 6.3 percent year over year. Markets with […]
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