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Have Hotel Rates in New Orleans Reached Their Peak?

Increased Group Travel and Lower Consumer Spending Expected To Slow Rate Growth for Hotels
CoStar Analytics
May 10, 2023 | 7:38 P.M.

In the past 12 months, the hospitality market in New Orleans has seen average daily rates or ADR, increase for overnight hotel stays. Compared to the trailing 12-month average for March 2022, rates have increased by 22% through March 2023. According to STR, CoStar's hospitality analytics firm, New Orleans ranks near the top for the highest ADR among the top 25 best-performing U.S. markets.

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