CoStar: Memorial Day Impacts U.S. Weekly Hotel Performance
WASHINGTON—Due to Memorial Day, the U.S. hotel industry reported lower performance results from the previous week but slightly positive comparisons year over year, according to CoStar’s latest data through June 1, 2024. U.S. Hotel Performance May 26-June 1, 2024 Percentage change from comparable week in 2023:Occupancy: 62.0 percent (up 0.9 percent)ADR: $150.87 (up 0.1 percent)RevPAR: $93.50 (up 1.0 percent) Among the Top 25 Markets, New Orleans saw the highest year-over-year occupancy lift (up 17.8 percent […]
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