According to CoStar’s latest data through 14 October, U.S. hotel performance demonstrated improvements from the previous week, with year-over-year comparisons presenting a mixed picture.
For the week of 8-14 October 2023, the key metrics displayed the following changes compared to the same week in 2022:
- Occupancy: 68.5% (-2.3%)
- Average Daily Rate (ADR): US$164.25 (+3.2%)
- Revenue Per Available Room (RevPAR): US$112.51 (+0.8%)
Analyzing the Top 25 Markets, Oahu Island stood out with significant year-over-year increases in occupancy (+17.8% to 85.2%) and RevPAR (+29.7% to US$243.22).
Las Vegas led in ADR with a notable rise of 14.7% to US$226.94 and the second-largest jump in RevPAR (+21.1% to US$199.88).
On the flip side, New Orleans experienced the most substantial RevPAR decline, dropping by 28.3% to US$107.38.
More Stories
Greece Adopts Higher Tourist Taxes in 2025, Joining Global Shift to Tackle Over tourism
Indian Tourists Set New Records for Spending and Visits in Japan
UK Travel Market Surges as Mobile Bookings Set to Overtake Desktop