CoStar Group | September 06, 2024

WASHINGTON – 6 September 2024 – The U.S. hotel industry reported positive comparisons year over year, according to CoStar’s latest data through 31 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 

25-31 August 2024 (percentage change from comparable week in 2023):

  • Occupancy: 63.9% (+1.9%)
  • Average daily rate (ADR): US$153.67 (+1.6%)
  • Revenue per available room (RevPAR): US$98.18 (+3.6%) 

Among the Top 25 Markets, Tampa saw the highest year-over-year occupancy lift (+15.2% to 61.7%). 

Seattle posted the largest increase in ADR (+12.5% to US$218.08).  

The steepest RevPAR declines were seen in San Francisco (-22.2% to US$122.95) and Oahu Island (-10.3% to US$194.51).

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.