WASHINGTON—The U.S. hotel industry reported higher performance results from the previous week but mixed comparisons year over year, according to CoStar’s latest data through June 15, 2024.
U.S. Hotel Performance
June 9-15, 2024
Percentage change from comparable week in 2023:
Occupancy: 70.3 percent (down 0.6 percent)
ADR: $161.70 (up 0.9 percent)
RevPAR: $113.62 (up 0.3 percent)
Among the Top 25 Markets, San Francisco saw the highest year-over-year increases in occupancy (up 17.0 percent to 79.4 percent), ADR (up 11.3 percent to $226.70), and RevPAR (up 30.3 percent to $179.97). The market’s performance was helped by the Data + AI Summit.
The steepest RevPAR declines were seen in New Orleans (down 13.5 percent to $76.72) and Los Angeles (down 11.4 percent to $151.45).
