STR: U.S. hotel results for week ending 16 December

U.S. hotel performance was expectedly lower from the previous week, but year-over-year comparisons were positive, according to CoStar’s latest data through 16 December.

• Among the Top 25 Markets, San Francisco saw the largest year-over-year increases in each of the three key performance metrics: occupancy (+32.0% to 70.2%), ADR (+21.5% to US$223.78) and RevPAR (+60.3% to US$157.14).
• The steepest RevPAR declines were seen in Chicago (-13.5% to US$64.61) and Washington, D.C. (-6.7% to US$90.28).

10-16 December 2023 (percentage change from comparable weeks in 2022, 2019):

• Occupancy: 54.7 (+1.1%, +9.7%)
• Average daily rate (ADR): US$142.62 (+4.7%, +29.3%)
• Revenue per available room (RevPAR): US$77.99 (+5.8%, +41.9%)