WASHINGTON, DC—The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through Dec. 14.
Growth was elevated due to the Hannukah calendar shift as well as the compressed business travel period between Thanksgiving and Christmas.
U.S. Hotel Performance
Dec. 8-14, 2024
Percentage change from comparable week in 2023
Occupancy: 59.5 percent (up 8.5 percent)
ADR: $155.21 (up 8.9 percent)
RevPAR: $92.32 (up 18.2 percent)
Among the Top 25 Markets, Tampa reported the largest year-over-year occupancy increase (up 33.3 percent to 84.7 percent).
New York City posted the highest ADR lift (up 30.1 percent to $510.13).
Washington, D.C., registered the largest jump in RevPAR (up 67.6 percent to $151.18), while San Francisco saw the only decline in the metric (down 16.4 percent to $131.08). The American Geophysical Union annual meeting shifted from San Francisco in 2023 to Washington, D.C., in 2024, which impacted performance.
