CoStar Group | September 26, 2024

WASHINGTON – 26 September 2024 – The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 21 September. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 

15-21 September 2024 (percentage change from comparable week in 2023):

  • Occupancy: 68.9% (+0.5%)
  • Average daily rate (ADR): US$168.80 (+2.0%)
  • Revenue per available room (RevPAR): US$116.22 (+2.5%) 

Among the Top 25 Markets, Houston saw the highest year-over-year lift in occupancy (+10.7% to 69.0%).

Driven by Dreamforce 2024, San Francisco reported the largest increases in ADR (+60.9% to US$363.09) and RevPAR (+71.6% to US$300.36). 

The steepest RevPAR decline was seen in New York City (-14.5% to US$379.90), due to a comparison against the week of the general debates during the United Nations General Assembly.

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.