U.S. Hotel Performance for Week Ending August 31st
The U.S. hotel industry reported positive comparisons year over year, according to CoStar’s latest data through 31 August.
25-31 August 2024 (percentage change from comparable week in 2023):
- Occupancy: 63.9% (+1.9%)
- Average daily rate (ADR): US$153.67 (+1.6%)
- Revenue per available room (RevPAR): US$98.18 (+3.6%)
Among the Top 25 Markets, Tampa saw the highest year-over-year occupancy lift (+15.2% to 61.7%).
Seattle posted the largest increase in ADR (+12.5% to US$218.08).
The steepest RevPAR declines were seen in San Francisco (-22.2% to US$122.95) and Oahu Island (-10.3% to US$194.51).
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