U.S. Hotel Results for Week Ending 13 January

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U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 13 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

7-13 January 2024 (percentage change from comparable week in 2023):

  • Occupancy: 53.3% (-2.8%)
  • Average daily rate (ADR): US$153.84 (+6.3%)
  • Revenue per available room (RevPAR): US$81.96 (+3.3%)

Among the Top 25 Markets, Las Vegas saw the largest year-over-year increases in each of the three key performance metrics: occupancy (+29.0% to 79.8%), ADR (+77.3% to US$283.74) and RevPAR (+128.8% to US$226.34). The market’s performance was helped by the Consumer Electronics Show.

The steepest RevPAR declines were seen in Atlanta (-31.1% to US$64.34) and Los Angeles (-16.6% to US$112.60).

For more information about the company and its products and services, please visit www.costargroup.com.

Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 81,000 properties and 10.5 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.

About CoStar Group
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets.  CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. CoStar Group’s websites attract over 160 million unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. For more information, visit CoStarGroup.com.

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