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%)

Get the full story at HNN

Related must-reads


Get our Daily Brief in your inbox

Consumers are changing the face of hospitality - from online shopping to personalized guest journeys and digitalized guest experiences ...
we've got you covered.

By submitting this form, you agree to receive email communication from Hospitality.today and its partners.