CoStar Group | August 08, 2024

WASHINGTON – 8 August 2024 – The U.S. hotel industry reported slightly positive comparisons year over year, according to CoStar’s latest data through 3 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 

28 July through 3 August 2024 (percentage change from comparable week in 2023):

  • Occupancy: 69.4% (+0.8%)
  • Average daily rate (ADR): US$159.63 (+0.6%)
  • Revenue per available room (RevPAR): US$110.84 (+1.3%) 

Among the Top 25 Markets, Houston saw the highest year-over-year increases in occupancy (+28.1% to 75.8%) and RevPAR (+45.7% to US$93.88). 

Houston (+13.7% to US$123.82) and Philadelphia (+13.7% to US$161.02) matched for the largest lift in ADR.  

The steepest RevPAR declines were seen in Anaheim (-12.0% to US$171.55) and Los Angeles (-10.7% to US$158.64). 

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 83,000 properties and 10.8 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.