WASHINGTON – 18 April 2024 – Helped by the total solar eclipse, U.S. hotel performance increased from the previous week, according to CoStar’s latest data through 13 April. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
7-13Â April 2024 (percentage change from comparable week in 2023):
- Occupancy: 65.8% (+2.8%)
- Average daily rate (ADR): US$160.20 (+2.9%)
- Revenue per available room (RevPAR): US$105.48 (+5.8%)
Among the Top 25 Markets, Philadelphia reported the largest year-over-year increase in occupancy (+23.2% to 77.0%) and RevPAR (+45.7% to US$133.79). The market’s performance was driven by WrestleMania 40.
Dallas, positioned along the path of the solar eclipse, posted the largest ADR lift (+20.1% to US$150.33) and the second-highest jump in RevPAR (+38.8% to US$117.50).
The steepest RevPAR declines were seen in Tampa (-24.1% to US$135.79) and Orlando (-20.9% to US$134.48).
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 81,000 properties and 10.5 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
