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Among the top 25 markets, Las Vegas had the largest year-over-year increase in each of the three key performance indicators.
According to CoStar's latest data through January 13, U.S. hotel performance increased from the previous week, but year-over-year comparisons remained mixed.
January 7-13, 2024 (percent change from comparable week in 2023):
- Share: 53.3% (-2.8%)
- Average Daily Rate (ADR): US$153.84 (+6.3%)
- Revenue per Available Room (RevPAR): US$81.96 (+3.3%)
Among the top 25 markets, las vegas It saw the largest year-over-year increase in each of its three key performance indicators: Occupancy (+29.0% to 79.8%), ADR (+77.3% to US$283.74) and RevPAR (+128.8% to US$226.34). Market performance was aided by the Consumer Electronics Show.
The steepest RevPAR declines were seen in: Atlanta (-31.1% to US$64.34) and angels (-16.6% ~ US$112.60).
CoStar is a leading provider of online real estate markets, information and analysis for the real estate market. For more information about the company and its products and services, please visit www.costargroup.com.