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.
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.
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In