CoStar

Overall, 14 of the top 25 markets reported double-digit increases in GOPPAR. 

Among the provinces and territories, Manitoba recorded the highest 2023 occupancy level (72.2%), which was 10.8% above 2022.

Construction activity was down in every world region except Asia Pacific.

New Orleans (-6.8% to US$100.40) and Miami (-6.7% to US$159.22) reported the only RevPAR decreases in 2023.

The ADR and RevPAR levels were the highest for any December on record in the market, while occupancy was the

The RevPAR level was the highest since January 2015.

Among the provinces and territories, Manitoba recorded the highest November occupancy level (70.6%), which was 7.5% below 2022.

São Paulo’s daily occupancy levels were above the 50% mark on all but one day – Wednesday, 1 November (46.0%).

Overall, eight of the Top 25 Markets reported double-digit increases in GOPPAR.

Among the provinces and territories, Nova Scotia recorded the highest October occupancy level (75.0%), which was 6.3% below 2022.