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CoStar: U.S. hotel performance dips in fourth week of March despite YOY gains - 0 views

www.asianhospitality.com/eek-of-march-despite-yoy-gains

U.S-hotel-performance Hotel-occupancy Chicago-RevPAR-decline Las-Vegas-ADR-growth New-Orleans-occupancy

shared by asianhospitality on 03 Apr 24 - No Cached
  • asianhospitality on 03 Apr 24
     
    U.S. HOTEL PERFORMANCE dipped in the fourth week of March compared to the previous week but showed positive year-over-year comparisons, according to CoStar. Across all key metrics-occupancy, ADR, and RevPAR-there was a decline in this period compared to the preceding week. Occupancy dropped to 65.3 percent for the week ending March 23, down from the previous week's 66.5 percent, with a 0.7 percent year-over-year increase. ADR decreased to $162.28 from the previous week's $163.21, showing a 2.5 percent climb compared to last year. RevPAR was $106.01, down from the previous week's $108.51, indicating a 3.2 percent increase compared to the same period in 2023. Among the top 25 markets, New Orleans saw the highest year-over-year occupancy increase, rising 13.6 percent to 75.5 percent.
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