• Las Vegas posted the largest ADR lift (+11.2% to US$232.94).   


As expected, U.S. hotel performance increased from the previous week, according to CoStar''s latest data through 2 December.

CoStar;

As expected, U.S. hotel performance increased from the previous week, according to CoStar’s latest data through 2 December.

26 November through 2 December 2023 (percentage change from comparable week in 2022):

  • Occupancy: 54.2% (-1.6%)
  • Average daily rate (ADR): US$144.88 (+0.8%)
  • Revenue per available room (RevPAR): US$78.54 (-0.8%)

Among the Top 25 Markets, New York City saw the largest year-over-year increases in occupancy (+6.8% to 83.5%) and RevPAR (+17.2% to US$319.18)

Las Vegas posted the largest ADR lift (+11.2% to US$232.94).

Due to the Miami Art Week/Art Basel calendar shift, Miami saw the steepest declines in each of the three key performance metrics: occupancy (-14.0% to 69.0%), ADR (-42.5% to 191.20) and RevPAR (-50.6% to US$131.93).

CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. For more information about the company and its products and services, please visit www.costargroup.com.