This week in Hospitality & Tourism #6 2024

STR: U.S. hotel results for week ending 3 February

U.S. hotel performance decreased slightly from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 3 February.

• Among the Top 25 Markets, Seattle saw the largest increases in occupancy (+19.3% to 60.1%) and RevPAR (+27.5% to US$89.11).
• Atlanta reported the highest ADR lift (+7.6% to US$132.07).
• The steepest RevPAR declines were seen in St. Louis (-14.5% to US$48.16) and Las Vegas (-9.3% to US$166.43).

28 Jan - 3 Feb 2024 (percentage change from comparable weeks in 2023):

• Occupancy: 55.2 (-0.1%)
• Average daily rate (ADR): US$147.99 (+1.9%)
• Revenue per available room (RevPAR): US$81.69 (+1.7%)