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

by Robert Van Pash (Editor)
February 12, 2024
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Occupancy stood at 55.2 percent for the week ending Feb. 3, down from the previous week’s 56.2 percent, indicating a decrease of 0.1 percent year-over-year, according to CoStar. ADR came in at $147.99, up 1.9 percent from the prior week’s $149.76, and RevPAR stood at $81.69, showing a 1.7 percent increase compared to the corresponding period in 2023.

U.S. HOTEL PERFORMANCE decreased slightly in the first week of February from the previous week, while year-over-year comparisons remained…

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