This week in Hospitality & Tourism #52 2023

  • STR: U.S. hotel results for week ending 23 December

    As anticipated ahead of the holidays, U.S. hotel performance fell from the previous week, according to CoStar’s latest data through 23 December.

    • Among the Top 25 Markets, Boston saw the largest year-over-year increases in occupancy (+21.5% to 46.2%) and RevPAR (+23.1% to US$65.68).
    • Anaheim posted the highest ADR lift (+14.7% to US$190.86).
    • Denver (-11.7% to US$47.25) and San Francisco (-11.7% to US$58.63) matched for the steepest RevPAR declines.

    17-23 December 2023 (percentage change from comparable weeks in 2022, 2019):

    • Occupancy: 43.9 (+0.5%, -9.5%)
    • Average daily rate (ADR): US$131.97 (-0.9%, +1.0%)
    • Revenue per available room (RevPAR): US$57.90 (-0.4%, -8.5%)
STR Occupancy & ADR Recovery