STR: U.S. Hotel Performance Decreases While Comparisons Improve
WASHINGTON—U.S. hotel performance decreased from the previous week, while year-over-year comparisons improved, according to CoStar’s latest data through Jan. 6, 2024. U.S. Hotel Performance December 31, 2023-January 6, 2024 Percentage change from comparable week in 2023:Occupancy: 46.8 percent (down 0.7 percent)ADR: $152.17 (up 7.2 percent)RevPAR: $71.28 (up 6.4 percent) Among the Top 25 Markets, New Orleans saw the largest year-over-year increases in each of the three key performance metrics: occupancy (up 36.5 percent to 61.2 […]
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