WASHINGTON—The U.S. hotel industry reported improved performance results from the previous month, according to June 2024 data from CoStar.
June 2024
Percentage change from June 2023:
Occupancy: 69.6 percent (flat)
ADR: $161.30 (up 1.5 percent)
RevPAR: $112.33 (up 1.5 percent)
Among the Top 25 Markets, New York City experienced the highest levels in each of the three key performance metrics: occupancy (up 2.5 percent to 87.8 percent), ADR (up 4.4 percent to $317.91), and RevPAR (up 7.0 percent to $279.08).
Markets with the lowest occupancy for the month included New Orleans (56.9 percent) and Phoenix (63.4 percent).
The Top 25 Markets showed higher occupancy and ADR than all other markets.
