This week in Hospitality & Tourism #47 2023

STR: U.S. hotel results for week ending 18 November

U.S. hotel performance showed mixed year-over-year comparisons, according to CoStar’s latest data through 18 November.

• Among the Top 25 Markets, Boston saw the largest year-over-year occupancy lift (+11.0% to 77.2%).
• Helped by the Formula 1 Las Vegas Grand Prix, Las Vegas posted the largest increases in ADR (+81.9% to US$350.57) and RevPAR (+58.9% to US$249.29). Despite the event, the market reported the steepest occupancy decline (-12.7% to 71.1%).
• The steepest RevPAR declines were seen in Tampa (-10.4% to US$100.58) and San Diego (-8.1% to US$128.12).

12-18 November 2023 (percentage change from comparable weeks in 2022, 2019):

• Occupancy: 62.4 (-0.6%, +2.5%)
• Average daily rate (ADR): US$156.47 (+7.0%, +24.2%)
• Revenue per available room (RevPAR): US$97.61 (+6.3%, +27.2%)