U.S. hotel results for week ending Sept. 28
The U.S. hotel industry reported positive year-over-year (YOY) comparisons, according to CoStar’s latest data through Sept. 28.
September 22-28 (percentage change from comparable week in 2023):
Occupancy: 68.4% (+2.6%)
ADR: $170.24 (+7.5%)
RevPAR: $116.50 (+10.2%)
Among the top 25 markets, New York City saw the highest YOY increases in each of the key performance metrics: occupancy (+11.4% to 93.2%), ADR (+52.8% to $523.69) and RevPAR (+70.1% to $488.32). The market’s performance was driven by the United Nations General Assembly.
The steepest RevPAR declines were seen in San Francisco (-17.6% to$177.81) and Nashville (-5.5% to $136.06).
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