STR: U.S. hotel results for week ending 9 December

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

• 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).

3-9 December 2023 (percentage change from comparable weeks in 2022, 2019):

• Occupancy: 58.7 (-1.1%, -2.7%)
• Average daily rate (ADR): US$153.36 (+4.5%, +20.2%)
• Revenue per available room (RevPAR): US$89.98 (+3.3%, +17.0%)