Skip to content

Search

Latest Stories

CoStar: U.S. hotel performance dips in first week of February

Atlanta saw the highest ADR growth, up 7.6 percent to $132.07

CoStar: U.S. hotel performance dips in first week of February

U.S. HOTEL PERFORMANCE decreased slightly in the first week of February from the previous week, while year-over-year comparisons remained mixed, according to CoStar. Key metrics, including occupancy, ADR, and RevPAR, all declined in the first week of February compared to the previous week.

Occupancy dipped slightly to 55.2 percent for the week ending Feb. 3, from the previous week's 56.2 percent, reflecting a 0.1 percent decrease year-over-year. ADR decreased to $147.99 from the prior week's $149.76, marking a 1.9 percent increase compared to the previous year. RevPAR declined to $81.69 from the prior week's $84.13, reflecting a 1.7 percent increase compared to the corresponding period in 2023.


Among the top 25 markets, Seattle saw the largest year-over-year increases, with occupancy rising 19.3 percent to 60.1 percent and RevPAR increasing by 27.5 percent to $89.11.

Atlanta led in ADR growth, surging by 7.6 percent to $132.07. Meanwhile, St. Louis saw the most significant RevPAR decline, dropping 14.5 percent to $48.16, followed by Las Vegas, down 9.3 percent to $166.43.

More for you

Hospitality Leaders Call For End to U.S. Government Shutdown
Photo by Win McNamee/Getty Images

Hospitality leaders call for end to shutdown

Summary:

  • Hospitality leaders urged a vote on the Senate-passed bill to end the government shutdown.
  • The hotel industry has lost an estimated $1.2 billion in economic activity.
  • The House is set to vote this evening on the Senate-backed bill, according to CNN.

LEADERS FROM THE American Hotel & Lodging Association, Airlines for America, U.S. Travel Association and the National Restaurant Association urged the House of Representatives to vote on the Senate-passed agreement to end the government shutdown. Meanwhile, senators approved a funding package to reopen the federal government and sent the deal to the House.

The House is set to vote this evening on the Senate-backed bill, according to CNN. Speaker Mike Johnson must secure support from his narrow GOP majority but told reporters he is “optimistic.”

Keep ReadingShow less