CoStar Group | October 31, 2024

WASHINGTON – 31 October 2024 – The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 26 October. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 

20-26 October 2024 (percentage change from comparable week in 2023):

  • Occupancy: 69.0% (+4.5%)
  • Average daily rate (ADR): US$168.69 (+4.6%)
  • Revenue per available room (RevPAR): US$116.32 (+9.3%) 

Among the Top 25 Markets, Tampa saw the largest occupancy lift (+28.1% to 84.2%), due to continued displacement demand from Hurricane Milton. 

New Orleans saw the highest increases in ADR (+64.1% to US$301.30) and RevPAR (+77.6% to US$227.24). The market’s performance was driven by Taylor Swift’s Eras Tour. 

The steepest RevPAR declines were seen in Las Vegas (-7.9% to US$196.40) and Minneapolis (-6.5% to US$86.31).  

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.