WASHINGTON – 13 June 2024 – The U.S. hotel industry reported higher performance results from the previous week but mixed comparisons year over year, according to CoStar’s latest data through 8 June. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
2-8Â June 2024 (percentage change from comparable week in 2023):
- Occupancy: 69.1% (-0.1%)
- Average daily rate (ADR): US$160.90 (+1.8%)
- Revenue per available room (RevPAR): US$111.26 (+1.7%)
Among the Top 25 Markets, Houston saw the highest year-over-year increases in occupancy +14.8% to 71.1%) and RevPAR (+19.3% to US$85.20).
New York City reported the largest lift in ADR (+9.1% to $358.25).
The steepest RevPAR declines were seen in Detroit (-8.7% to US$83.43) and Atlanta (-6.8% to US$85.63).
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Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 82,000 properties and 10.7 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
