Skip to content

Search

Latest Stories

CoStar: U.S. hotel performance reflects seasonal trends for week ending Aug. 19

New York City recorded the highest ADR, increasing by 10.7 percent to reach $256.33

CoStar: U.S. hotel performance reflects seasonal trends for week ending Aug. 19

U.S. HOTEL PERFORMANCE declined in the week ending August 19 compared to the previous week, consistent with seasonal patterns, according to CoStar. However, year-over-year comparisons showed signs of improvement.

Occupancy reached 67 percent for the week ending Aug. 19, slightly below the previous week's 68.3 percent and a marginal 0.1 percent decrease compared to 2022. ADR stood at $154.10, a decline from the previous week's $156.47, yet showcasing a 1.8 percent growth compared to the same period last year. RevPAR was $103.22, lower than the prior week's $106.89, but still indicating a 1.8 percent rise from 2022.


Among the top 25 markets, San Francisco experienced the largest year-over-year occupancy boost from the seasonal patterns, climbing 8.2 percent to achieve 76.9 percent. New York City exhibited the highest ADR, with a 10.7 percent rise to $256.33, and also the highest RevPAR increase, up by 19.7 percent to $214.86.

Orlando experienced the most significant RevPAR decrease, dropping by 8.0 percent to reach $89.94.

Notably, outside the Top 25 markets, Maui Island noted year-over-year declines in occupancy, down by 27.6 percent to 49.0 percent, and RevPAR, declining by 40.8 percent to $249.49.

More for you

Palette Hotels to Transform DoubleTree by Hilton in Washington, PA

Palette to manage Washington, PA, DoubleTree

Palette’s Expertise in Hospitality Management

SUNRISE GOLD HOSPITALITY recently selected Palette Hotels to manage its 140-room DoubleTree by Hilton Washington Meadow Lands Casino Area in Washington, Pennsylvania. Palette will oversee renovations, including Hilton Connected Rooms technology upgrades, new signage, landscaping, building systems and updates to the lobby, guestrooms, bathrooms, meeting spaces, restaurant, bar and lounge.

Sunrise Gold Hospitality is led by owner Ramesh Pandya, and Palette Hotels by Founder and CEO Richard Lou.

Keep ReadingShow less