This week in Hospitality & Tourism #3 2024

January 19, 2024

STR: U.S. hotel results for week ending 13 January

U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 13 January.

  • Among the Top 25 Markets, Las Vegas saw the largest year-over-year increases in each of the three key performance metrics: occupancy (+29.0% to 79.8%), ADR (+77.3% to US$283.74) and RevPAR (+128.8% to US$226.34). The market’s performance was helped by the Consumer Electronics Show.
  • The steepest RevPAR declines were seen in Atlanta (-31.1% to US$64.34) and Los Angeles (-16.6% to US$112.60).

7-13 Jan 2024 (percentage change from comparable weeks in 2023, 2020):

  • Occupancy: 53.3 (-2.8%, -9.5%)
  • Average daily rate (ADR): US$152.17 (+6.3%, +17.4%)
  • Revenue per available room (RevPAR): US$71.28 (+3.3%, +6.2%)
STR Occupancy & ADR