Highest ADR and RevPAR Efficiency on Document in 2023

WASHINGTON—The U.S. resort business posted its highest common every day fee (ADR) and income per out there room (RevPAR) on file, in response to 2023 knowledge from CoStar.

U.S. Resort Efficiency Throughout 2023

Share change from 2022:
Occupancy: 63.0% (+0.6%)
ADR: US$155.62 (+4.3%)
RevPAR: US$97.97 (+4.9%)

The nation’s occupancy stage was its highest since 2019.

Among the many Prime 25 Markets, New York Metropolis skilled the very best ranges in every of the three key efficiency metrics: occupancy (up 8.8 p.c to 81.6 p.c), ADR (up 8.5 p.c to $301.22), and RevPAR (up 18.1 p.c to $245.77).

New Orleans (down 6.8 p.c to $100.40) and Miami (down 6.7 p.c to $159.22) reported the one RevPAR lower in 2023.

The Prime 25 Markets confirmed greater occupancy and ADR than all different markets.

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