ADR carried US hotel performance in October

The U.S. hotel industry reported mixed performance results from the previous month, according to October 2023 from CoStar

Nov 21, 2023

Among the Top 25 Markets, New York City experienced the highest occupancy level (86.8%), which was up 3.0% year over year. Markets with the lowest occupancy for the month included Houston (59.5%) and St. Louis (59.8%).

Key takeaways

  • Occupancy: 65.8% (-1.8%)
  • Average daily rate (ADR): $161.56 (+3.0%)
  • Revenue per available room (RevPAR): $106.38 (+1.2%)

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