CoStar Group | August 22, 2024

WASHINGTON – 22 August 2024 – The U.S. hotel industry reported mixed comparisons year over year, according to CoStar’s latest data through 17 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 

11-17 August 2024 (percentage change from comparable week in 2023):

  • Occupancy: 66.9% (-0.2%)
  • Average daily rate (ADR): US$156.35 (+1.0%)
  • Revenue per available room (RevPAR): US$104.54 (+0.9%) 

Among the Top 25 Markets, Houston saw the highest year-over-year increases in each of the three key performance metrics: occupancy (+34.3% to 75.3%), ADR (+14.5% to US$121.89) and RevPAR (+53.8% to US$91.73).  

The steepest RevPAR declines were seen in San Francisco (-13.8% to US$143.39) and Atlanta (-11.3% to US$69.43).

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.