Rate growth lifts November US hotel performance

New York City experienced the highest occupancy level with 84.0%, which was up 6.3% year over year

Dec 21, 2023

As expected, the U.S. hotel industry reported lower performance results from the previous month but improved year-over-year comparisons, according to November 2023 from CoStar.

November 2023 (percentage change from November 2022):

  • Occupancy: 58.4% (-1.2%)
  • Average daily rate (ADR): US$151.23 (+3.6%)
  • Revenue per available room (RevPAR): US$88.36 (+2.4%)

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