CoStar Group | September 12, 2024

WASHINGTON – 12 September 2024 – The U.S. hotel industry reported lower performance results than the previous week, according to CoStar’s latest data through 7 September. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 

1-7 September 2024 (percentage change from comparable week in 2023):

  • Occupancy: 57.8% (-4.2%)
  • Average daily rate (ADR): US$149.67 (-1.0%)
  • Revenue per available room (RevPAR): US$86.48 (-5.2%) 

Among the Top 25 Markets, Houston saw the highest year-over-year increases in occupancy (+8.0% to 57.1%) and RevPAR (+18.5% to US$65.62). 

Two markets matched for the largest ADR lift: Houston (+9.7% to US$115.02) and Detroit (+9.7% to US$129.21). 

The steepest RevPAR declines were seen in Las Vegas (-18.6% to US$106.24) and Boston (-18.3% to US$151.11).

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.