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

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.

Atlanta recorded the most significant increases in ADR, rising by 14.3 percent to $131.74, and RevPAR, which climbed 18.5 percent to $81.76.

The steepest RevPAR declines occurred in Las Vegas, down 19.2 percent to $108.97, and Nashville, which declined by 15.2 percent to $68.59.