CoStar: Holidays and Natural Disasters Impact U.S. Hotel Performance

WASHINGTON—Due to Rosh Hashana, the U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through Oct. 5, 2024. U.S. Hotel PerformanceSeptember 29-October 5, 2024 Percentage change from comparable week in 2023:Occupancy: 65.6 percent (down 3.4 percent)ADR: $156.25 (down 4.4 percent)RevPAR: $102.44 (down 7.7 percent) Among the Top 25 Markets, Tampa saw the highest year-over-year increases in occupancy (up 24.1 percent to 81.3 percent) and RevPAR (up 22.1 percent to $125.39). As is […]

The post CoStar: Holidays and Natural Disasters Impact U.S. Hotel Performance appeared first on LODGING Magazine.

This post was originally published on this site

773-300-3164

CHICAGO

807 Waukegan Road
Deerfield, IL 60015

NASHVILLE

4117 Hillsboro Rd. | Suite 10255
Nashville, TN 37215