CoStar: U.S. Hotel Results for Week Ending February 3

U.S. hotel performance decreased slightly from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 3 February. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

28 January through 3 February 2024 (percentage change from comparable week in 2023):

• Occupancy: 55.2% (-0.1%)
• Average daily rate (ADR): US$147.99 (+1.9%)
• Revenue per available room (RevPAR): US$81.69 (+1.7%) 

Among the Top 25 Markets, Seattle saw the largest increases in occupancy (+19.3% to 60.1%) and RevPAR (+27.5% to US$89.11).  

Atlanta reported the highest ADR lift (+7.6% to US$132.07).  

The steepest RevPAR declines were seen in St. Louis (-14.5% to US$48.16) and Las Vegas (-9.3% to US$166.43). 

For more information about the company and its products and services, please visit www.costargroup.com.