STR: U.S. hotel results for week ending 25 November

As expected due to the Thanksgiving holiday, U.S. hotel performance fell from the previous week, according to CoStar’s latest data through 25 November.

• Among the Top 25 Markets, Oahu Island saw the largest year-over-year increases in occupancy (+9.4% to 76.3%) and RevPAR (+16.3% to US$227.92).
• Las Vegas posted the largest ADR lift (+10.0% to US$158.13).
• The steepest RevPAR declines were seen in Minneapolis (-18.8% to US$38.93) and San Francisco (-11.4% to US$65.99).

19-25 November 2023 (percentage change from comparable weeks in 2022, 2019):

• Occupancy: 49.4 (-1.4%, -2.3%)
• Average daily rate (ADR): US$138.29 (+0.9%, +21.5%)
• Revenue per available room (RevPAR): US$68.32 (-0.6%, +18.7%)