Due to Memorial Day, U.S. Hotel Industry Reported Lower Performance Results From the Previous Week

CoStar Group | June 6, 2024

WASHINGTON – 6 June 2024 – Due to Memorial Day, the U.S. hotel industry reported lower performance results from the previous week but slightly positive comparisons year over year, according to CoStar’s latest data through 1 June. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 26 May through 1 June 2024 (percentage change from comparable week in 2023): Occupancy: 62.0% (+0.9%) Average daily rate (ADR): US$150.87 (+0.1%) Revenue per available room (RevPAR): US$93.50 (+1.0%) Among the Top 25 Markets, New Orleans saw the highest year-over-year occup...