CoStar: May U.S. Hotel Performance Improves From Previous Month
WASHINGTON—The U.S. hotel industry reported improved performance results from the previous month, according to May 2024 data from CoStar. May 2024 Percentage change from May 2023:Occupancy: 65.7 percent (up 1.5 percent)ADR: $160.40 (up 2.4 percent)RevPAR: $105.46 (up 4.0 percent) Among the Top 25 Markets, New York City experienced the highest levels in each of the three key performance metrics: occupancy (up 5.8 percent to 88.9 percent), ADR (up 6.3 percent to $339.25), and RevPAR (up […]
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