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CoStar: U.S. hotel performance improves in second week of March

by Robert Van Pash (Editor)
March 19, 2024
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Occupancy reached 63.2 percent for the week ending March 9, up from the previous week’s 62.5 percent, showing a 2.2 percent year-over-year decline, according to CoStar. ADR increased to $156.96 from $155.29 the previous week, marking a 0.6 percent decrease compared to last year. RevPAR rose to $99.17, up from the prior week’s $97.12, indicating a 2.8 percent decrease compared to the same period in 2023.

U.S. HOTEL PERFORMANCE rose in the second week of March compared to the previous week…

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#hotel #hoteltrade #hotelnews

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