CoStar: U.S. Hotel Performance Increases Weekly but Declines Yearly
WASHINGTON—U.S. hotel performance increased from the previous week but declined year over year, according to CoStar’s latest data through March 9, 2024. U.S. Hotel Performance March 3-9, 2024 Percentage change from comparable week in 2023:Occupancy: 63.2 percent (down 2.2 percent)ADR: $156.96 (down 0.6 percent)RevPAR: $99.17 (down 2.8 percent) Among the Top 25 Markets, Minneapolis reported the largest year-over-year increases in each of the three key performance metrics: occupancy (up 25.1 percent to 63.7 percent), ADR […]
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