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CoStar: U.S. hotel performance declines in third week of January - 0 views

www.asianhospitality.com/lines-in-third-week-of-january

U.S-hotel-performance-decline Year-over-year-comparisons Impact-of-CoStar-on-hotel-performance Hospitality-industry-metrics

shared by asianhospitality on 30 Jan 24 - No Cached
  • asianhospitality on 30 Jan 24
     
    U.S. HOTEL PERFORMANCE declined in the third week of January compared to the previous week, according to CoStar. Despite this, year-over-year comparisons yielded mixed results. Metrics such as occupancy, ADR and RevPAR experienced a decrease during the week compared to the preceding period. Occupancy was 52.2 percent for the week ending Jan.20, a marginal decrease from the previous week's 53.3 percent, signaling a 3.8 percent year-over-year decline. ADR dropped to $142.27 from the prior week's $153.84, showing a 1.6 percent increase from the previous year. RevPAR decreased to $74.31 from the prior week's $81.96, reflecting a 2.2 percent decline compared to the corresponding period in 2023. Among the top 25 markets, Seattle experienced the largest year-over-year occupancy increase, rising by 9.6 percent to reach 54.1 percent.
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