CoStar Group | August 21, 2024

WASHINGTON – 21 August 2024 – The U.S. hotel industry reported mostly flat performance comparisons year over year, according to July 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. 

July 2024 (percentage change from July 2023):

  • Occupancy: 68.8% (-0.5%)
  • Average daily rate (ADR): US$161.69 (+0.5%)
  • Revenue per available room (RevPAR): US$111.18 (flat)

Among the Top 25 Markets, Oahu Island experienced the highest levels in each of the three key performance metrics: occupancy (+4.5% to 88.3%), ADR (+1.4% to US$310.46) and RevPAR (+5.9% to US$274.13). 

Markets with the lowest occupancy for the month included Phoenix (56.9%) and New Orleans (58.9%).

The Top 25 Markets showed higher occupancy and ADR than all other markets.

For more information about the company and its products and services, please visit www.costargroup.com.

Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 85,000 properties and 11 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.