U.S. Hotel Performance for Week Ending May 4th
U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through 4 May.
U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through 4 May.
28 April through 4 May 2024 (percentage change from comparable week in 2023):
- Occupancy: 64.4% (-0.8%)
- Average daily rate (ADR): US$159.97 (+1.3%)
- Revenue per available room (RevPAR): US$103.09 (+0.5%)
Among the Top 25 Markets, Seattle reported the highest year-over-year increase in occupancy (+8.1% to 69.4%).
Dallas posted the largest lift in ADR (+5.8% to US$134.33).
The steepest RevPAR declines were seen in Atlanta (-12.7% to US$85.87) and San Francisco (-12.5% to US$123.02).
CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. For more information about the company and its products and services, please visit www.costargroup.com.
Categories: Trends