CoStar: U.S. Hotel Results Ending Week of April 13

Helped by the total solar eclipse, U.S. hotel performance increased from the previous week, according to CoStar’s latest data through 13 April. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

 April 7-13, 2024 (percentage change from comparable week in 2023):

• Occupancy: 65.8% (+2.8%)
• Average daily rate (ADR): US$160.20 (+2.9%)
• Revenue per available room (RevPAR): US$105.48 (+5.8%)

Among the Top 25 Markets, Philadelphia reported the largest year-over-year increase in occupancy (+23.2% to 77.0%) and RevPAR (+45.7% to US$133.79). The market’s performance was driven by WrestleMania 40. 

Dallas, positioned along the path of the solar eclipse, posted the largest ADR lift (+20.1% to US$150.33) and the second-highest jump in RevPAR (+38.8% to US$117.50). 

The steepest RevPAR declines were seen in Tampa (-24.1% to US$135.79) and Orlando (-20.9% to US$134.48).