U.S. Hotel Results for Week Ending 27 April

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As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar’s latest data through 27 April. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

21-27 April 2024 (percentage change from comparable week in 2023):

  • Occupancy: 65.7% (-1.2%)
  • Average daily rate (ADR): US$154.44 (-1.3%)
  • Revenue per available room (RevPAR): US$101.42 (-2.5%)

Among the Top 25 Markets, Seattle reported the only double-digit increase in occupancy (+15.6% to 74.6%). Detroit, host of the NFL Draft, posted the highest jump in both ADR (+21.8% to US$147.83) and RevPAR (+25.6% to US$94.74).

The steepest declines in each of the three key performance metrics were seen in San Francisco/San Mateo: occupancy (-16.7% to 67.5%), ADR (-37.3% to US$190.91), and RevPAR (-47.7% to US$128.79).

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 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.  Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

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