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U.S. Hotel Performance for Week Ending June 1st

Las Vegas Blvd street sign - Unsplash+

Due to Memorial Day, the U.S. hotel industry reported lower performance results from the previous week but slightly positive comparisons year over year, according to CoStar’s latest data through 1 June.

26 May through 1 June 2024 (percentage change from comparable week in 2023):

Among the Top 25 Markets, New Orleans saw the highest year-over-year occupancy lift (+17.8% to 66.8%).

Las Vegas reported the largest increase in ADR (+7.4% to $177.13).

Dallas reported the largest jump in RevPAR (+22.5% to US$86.07) and the second-highest increase in ADR (+6.9% to US$120.55). Severe storms in the market drove performance after many residents were left without power.

The steepest RevPAR declines were seen in Washington, D.C. (-10.3% to US$105.24) and Denver (-7.6% to US$93.92).

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

Posted by on June 6, 2024.

Categories: Trends

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