WASHINGTON – 18 July 2024 – The U.S. hotel industry reported higher performance results than the previous week but lower comparisons year over year, according to CoStar’s latest data through 13 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
7-13Â July 2024 (percentage change from comparable week in 2023):
- Occupancy: 69.2% (-3.7%)
- Average daily rate (ADR): US$158.21 (-1.5%)
- Revenue per available room (RevPAR): US$109.51 (-5.2%)
Among the Top 25 Markets, Houston saw the highest year-over-year increases in each of the three key performance metrics: occupancy (+13.4% to 72.2%), ADR (+22.4% to US$137.17) and RevPAR (+38.8% to US$98.97). The market’s performance was impacted by the effects of Hurricane Beryl.
The steepest RevPAR declines were seen in Denver (-29.4% to US$125.40) and San Diego (-26.7% to US$188.40).
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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.
