St. Louis Arch - Unsplash
  St. Louis saw the steepest RevPAR decline (-18.3% to US$83.64).

U.S. hotel performance declined from the previous week and showed lower comparisons year over year, according to CoStar’s latest data through 5 August.

30 July – 5 August 2023 (percentage change from comparable week in 2022):

  • Occupancy: 68.9% (-1.0%)
  • Average daily rate (ADR): US$158.10 (+2.2%)
  • Revenue per available room (RevPAR): US$108.97 (+1.2%)

Among the Top 25 Markets, Boston saw the largest year-over-year increases in occupancy (+12.4% to 84.3%) and RevPAR (+25.4% to US$201.02), helped by the FAN EXPO Boston.

New York City posted the highest lift in ADR (+11.6% to US$268.31) and the second-highest occupancy (+10.4% to 86.6%) and RevPAR gains (+23.3% to US$232.41).

St. Louis saw the steepest RevPAR decline (-18.3% to US$83.64).

CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. For more information about the company and its products and services, please visit www.costargroup.com.