U.S. Hotel Results for Week Ending 20 January

Facebook
X
LinkedIn
Email

U.S. hotel performance decreased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 20 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

14-20 January 2024 (percentage change from comparable week in 2023):

  • Occupancy: 52.2% (-3.8%)
  • Average daily rate (ADR): US$142.27 (+1.6%)
  • Revenue per available room (RevPAR): US$74.31 (-2.2%)

Among the Top 25 Markets, Seattle saw the largest year-over-year occupancy increase (+9.6% to 54.1%).

Atlanta posted the highest lifts in ADR (+14.3% to US$131.74) and RevPAR (+18.5% to US$81.76).

The steepest RevPAR declines were seen in Las Vegas (-19.2% to US$108.97) and Nashville (-15.2% to US$68.59).

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. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. 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. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia.

For 20+ years, the MEET family of products have provided regional and national resources that have kept corporate, association, medical, education, independent, and religious meeting and event planners informed about relevant vendors, industry news, tech innovations, and resources that impact and influence how and where they plan their group business.

Latest Industry Insights