U.S. Hotel Performance for Week Ending May 25th
The U.S. hotel industry reported mixed performance results from the previous week but positive comparisons year over year, according to CoStar’s latest data through 25 May.
The U.S. hotel industry reported mixed performance results from the previous week but positive comparisons year over year, according to CoStar's latest data through 25 May.
19-25 May 2024 (percentage change from comparable week in 2023):
- Occupancy: 67.7% (+1.6%)
- Average daily rate (ADR): US$160.67 (+2.3%)
- Revenue per available room (RevPAR): US$108.73 (+3.9%)
Among the Top 25 Markets, Houston saw the highest year-over-year increases in occupancy (+20.9% to 74.1%) and RevPAR (+29.2% to US$89.15).
Las Vegas reported the only double-digit lift in ADR (+10.9% to US$217.53).
The steepest RevPAR declines were seen in Detroit (-13.0% to US$80.20) and San Francisco (-8.3% to US$136.79).
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