• Among the Top 25 Markets, Boston saw the largest year-over-year occupancy increase (+14.1% to 72.7%).   

U.S. hotel performance increased from the previous week, according to CoStar's latest data through 9 December.

3-9 December 2023 (percentage change from comparable week in 2022):

  • Occupancy: 58.7% (-1.1%)
  • Average daily rate (ADR): US$153.36 (+4.5%)
  • Revenue per available room (RevPAR): US$89.98 (+3.3%)

Among the Top 25 Markets, Boston saw the largest year-over-year occupancy increase (+14.1% to 72.7%).

Helped by Miami Art Week and Art Basel, Miami reported the largest lifts in ADR (+48.8% to US$314.55) and RevPAR (+67.0% to US$262.16).

The steepest RevPAR declines were seen in New Orleans (-26.8% to US$97.72) and Philadelphia (-20.3% to US$84.24).

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.