CoStar: Holiday Calendar Shift Boosts U.S. Hotel Performance
WASHINGTON—Helped by the Columbus Day/Indigenous Peoples’ Day calendar shift, the U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through Oct. 12, 2024. U.S. Hotel PerformanceOctober 6-12, 2024 Percentage change from comparable week in 2023:Occupancy: 70.3 percent (up 2.4 percent)ADR: $166.88 (up 1.4 percent)RevPAR: $117.28 (up 3.8 percent) Among the Top 25 Markets, New Orleans saw the largest performance lifts across each of the three key performance metrics: occupancy (up 20.1 percent […]
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