HENDERSONVILLE, Tenn. — Following seasonal patterns, U.S. hotel performance declined from the previous week but showed positive comparisons year-over-year, according to CoStar’s latest data through August 26.
Against the comparable week in 2022, occupancy came in at 65 per cent (up 0.4 per cent); Average Daily Rate (ADR) came in at US$150.23 (up 1.7 per cent); and Revenue Per Available Room (RevPAR) came in at US$97.62 (up 2.1 per cent).
Among the top 25 markets, Las Vegas saw the largest year-over-year occupancy increase (up 7.9 per cent to 76.3 per cent). Houston posted the highest ADR (up 10.5 per cent to US$112.08) and RevPAR (up 17.8 per cent to US$64.45). Miami saw the steepest RevPAR decline (down 11 per cent to US$102.75).
Outside of the top 25 markets, Maui Island reported higher performance from the week prior, but still showed significant year-over-year declines in occupancy (down 17.1 per cent to 53.6 per cent) and RevPAR (down 26.7 per cent to US$271.21).