WASHINGTON – 31 May 2024 – The U.S. hotel industry reported mixed performance results from the previous week but positive comparisons year over year, according to CoStar’s latest data through 25 May. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
19-25Â May 2024 (percentage change from comparable week in 2023):
- Occupancy: 67.7% (+1.6%)
- Average daily rate (ADR): US$160.67 (+2.3%)
- Revenue per available room (RevPAR): US$108.73 (+3.9%)
Among the Top 25 Markets, Houston saw the highest year-over-year increases in occupancy (+20.9% to 74.1%) and RevPAR (+29.2% to US$89.15).
Las Vegas reported the only double-digit lift in ADR (+10.9% to US$217.53).
The steepest RevPAR declines were seen in Detroit (-13.0% to US$80.20) and San Francisco (-8.3% to US$136.79).
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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.
