CoStar Group | August 15, 2024

WASHINGTON – 15 August 2024 – The U.S. hotel industry reported positive comparisons year over year, according to CoStar’s latest data through 10 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 

4-10 August 2024 (percentage change from comparable week in 2023):

  • Occupancy: 68.7% (+0.5%)
  • Average daily rate (ADR): US$159.49 (+1.4%)
  • Revenue per available room (RevPAR): US$109.51 (+1.9%) 

Among the Top 25 Markets, Houston saw the highest year-over-year increases in occupancy (+31.1% to 76.3%) and RevPAR (+47.2% to US$93.89). 

Chicago posted the largest lift in ADR (+13.8% to US$188.95).  

The steepest RevPAR declines were seen in Los Angeles (-12.2% to US$161.66) and Dallas (-11.3% to US$66.30).

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 83,000 properties and 10.8 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.