WASHINGTON, D.C.–The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through Dec. 7. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
U.S. Hotel Performance
Dec. 1-7, 2024
Percentage change from comparable week in 2023
Occupancy: 59 percent (up 0.5 percent)
ADR: $159.77 (up 3.8 percent)
RevPAR: $94.31 (up 4.3 percent)
Among the Top 25 Markets, Chicago reported the largest year-over-year increases in occupancy (up 17.8 percent to 67.6 percent) and RevPAR (up 42.9 percent to $110.59).
Las Vegas posted the highest ADR lift (up 27.1 percent to $261.33).
The steepest RevPAR declines were reported in San Francisco (down 16.7 percent to $114.86) and New Orleans (down 14.7 percent to $83.16).
