13 Nov U.S. Hotels RevPAR Surges 4.7% in Early November 2023
U.S. hotels earned more per available room in the week of November 1 to 7 than they did in the same week of 2025. Revenue per available room, or RevPAR, rose 4.7% to $109.55. The figures are CoStar data, as reported by hotelbusiness.com. For owners and investors, the more useful part of the week was where the gains came from.
Key takeaways
- U.S. RevPAR rose 4.7% year over year for November 1 to 7, to $109.55.
- St. Louis led the top 25 markets, with RevPAR up 18.6% to $97.73.
- Markets outside the top 25 gained 7.1%, carrying much of the national result.
- Miami posted the largest rate increase, with average daily rate up 11.6% to $245.59.
What RevPAR tells you, and what it doesn’t
RevPAR is short for revenue per available room. It is the product of occupancy and average daily rate (ADR). ADR is the average price a sold room brought in that day. That is why owners watch this one number so closely.
The national week looked like this. Occupancy reached 65.1%, up 1.4%. ADR came in at $168.35, up 3.2%. Each figure moved a little. Together, they produced the 4.7% RevPAR gain.
Those averages hide the spread.
A single week can be strong for one market and flat for another, so the market-level numbers matter more to anyone with a specific property or city in mind.
St. Louis and Miami told different stories
St. Louis had the strongest week among the top 25 markets. Occupancy rose 7.5% to 68.5%, and RevPAR climbed 18.6% to $97.73. CoStar’s data, as reported by hotelbusiness.com, ties part of that jump to the 18th Church of God in Christ International Holy Convocation, which the city hosted that week.
Event-driven weeks are a reminder to check the calendar before reading a spike as a trend. One convention can lift a whole market for a few nights. Then the demand disappears.
Miami went the other way. Its occupancy did not lead the list, but its ADR rose 11.6% to $245.59, the biggest rate lift among the top 25. Hotelbusiness.com reports the rate gain without naming a cause, so any explanation would be guesswork.
A rate gain and an occupancy gain can both lift RevPAR, but they point to different questions about a hotel’s pricing and demand.
Smaller markets carried the national number
Here is the detail that caught our attention. Fifteen of the top 25 markets posted a RevPAR increase, but the national gain came mostly from markets outside the top 25, which rose 7.1%. Hospitalitynet’s summary of the same weekly results gives that 7.1% figure too, and it confirms the 4.7% national RevPAR gain.
Hospitalitynet’s headline figures match the CoStar numbers hotelbusiness.com reports, so the two sources agree on the core data. The detailed market breakdown comes only from hotelbusiness.com, so the St. Louis and Miami specifics rest on that single report.
For independent owners and developers outside the largest metros, that is a useful signal.
Much of the week’s strength came from places that rarely make the headline lists.
What owners can do with a weekly report
Weekly reports are a starting point, not a verdict.
If you own or are evaluating a hotel, compare its occupancy, ADR and RevPAR against its own competitive set, not the national average. Ask what drove any gap before you change pricing or capital plans.
Our guide to flow-through metrics walks through how revenue gains translate into profit. That matters more than the top line when you’re deciding where to spend.
Questions people ask
What is RevPAR in hotel investing?
RevPAR, or revenue per available room, measures a hotel’s room revenue across all rooms, sold or unsold. It equals occupancy multiplied by average daily rate. Owners use it to compare performance over time and against competing hotels.
Where does this weekly hotel data come from?
The figures in this report come from CoStar, as cited by hotelbusiness.com. Hospitalitynet also published the headline results for the same week, and its numbers match.
Why did St. Louis post such a large gain?
Hotelbusiness.com reports that St. Louis hosted the 18th Church of God in Christ International Holy Convocation during that week. The source links the event to the market’s results, but a single week of data cannot prove how much of the gain the event caused.
Should a weekly result change my hotel strategy?
A single week rarely justifies a major change. Track several weeks, compare against your own competitive set, and talk with a qualified hospitality finance advisor before making investment decisions.
If you’re thinking about your first hotel purchase or want to understand how performance data shapes ownership decisions, the Latino Hotel Association’s programs cover both. Start with the membership options on the LHA website, and bring your questions about the numbers.
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