CoStar: U.S. Hotel Industry Improves Monthly Performance
WASHINGTON—The U.S. hotel industry reported improved performance results from the previous month, according to June 2024 data from CoStar. June 2024 Percentage change from June 2023:Occupancy: 69.6 percent (flat)ADR: $161.30 (up 1.5 percent)RevPAR: $112.33 (up 1.5 percent) Among the Top 25 Markets, New York City experienced the highest levels in each of the three key performance metrics: occupancy (up 2.5 percent to 87.8 percent), ADR (up 4.4 percent to $317.91), and RevPAR (up 7.0 percent […]
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