CoStar: Fourth of July Holiday Contributes to Lower U.S. Hotel Performance
WASHINGTON—Due to the Fourth of July, the U.S. hotel industry reported lower performance results from the previous week and mixed comparisons year over year, according to CoStar’s latest data through July 6, 2024. U.S. Hotel PerformanceJune 30-July 6, 2024 Percentage change from comparable week in 2023:Occupancy: 61.3 percent (down 0.9 percent)ADR: $157.27 (up 0.5 percent)RevPAR: $96.35 (down 0.4 percent) Among the Top 25 Markets, New Orleans saw the highest year-over-year increases in each of the […]
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