WASHINGTON – 20 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 15 June. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
9-15Â June 2024 (percentage change from comparable week in 2023):
- Occupancy: 70.3% (-0.6%)
- Average daily rate (ADR): US$161.70 (+0.9%)
- Revenue per available room (RevPAR): US$113.62 (+0.3%)
Among the Top 25 Markets, San Francisco saw the highest year-over-year increases in occupancy (+17.0% to 79.4%), ADR (+11.3% to US$226.70) and RevPAR (+30.3% to US$179.97). The market’s performance was helped by the Data + AI Summit.
The steepest RevPAR declines were seen in New Orleans (-13.5% to US$76.72) and Los Angeles (-11.4% to US$151.45).
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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.
