• The steepest RevPAR decline was seen in Houston (-22.3% to US$68.44) because of comparison to its NCAA Men's Final Four host period last year.   

As expected ahead of the Easter holiday, U.S. hotel performance decreased from the previous week, according to CoStar's latest data through 30 March.

24-30 March 2024 (percentage change from comparable week in 2023):

  • Occupancy: 62.3% (-5.6%)
  • Average daily rate (ADR): US$157.14 (-0.7%)
  • Revenue per available room (RevPAR): US$97.83 (-6.3%)

Among the Top 25 Markets, New York City reported the largest year-over-year increases in each of the three key performance metrics: occupancy (+13.2% to 88.2%), ADR (+14.1% to US$285.98) and RevPAR (+29.1% to US$252.18).

The steepest RevPAR decline was seen in Houston (-22.3% to US$68.44) because of comparison to its NCAA Men’s Final Four host period last year.

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.