WASHINGTON—The U.S. hotel industry reported lower performance results than the previous week, according to CoStar’s latest data through Sept. 7, 2024.
U.S. Hotel Performance
September 1-7, 2024
Percentage change from comparable week in 2023:
Occupancy: 57.8 percent (down 4.2 percent)
ADR: $149.67 (down 1.0 percent)
RevPAR: $86.48 (down 5.2 percent)
Among the Top 25 Markets, Houston saw the highest year-over-year increases in occupancy (up 8.0 percent to 57.1 percent) and RevPAR (up 18.5 percent to $65.62).
Two markets matched for the largest ADR lift: Houston (up 9.7 percent to $115.02) and Detroit (up 9.7 percent to $129.21).
The steepest RevPAR declines were seen in Las Vegas (down 18.6 percent to $106.24) and Boston (down 18.3 percent to $151.11).
