CoStar: U.S. Hotel Industry Reports Positive Year-Over-Year Comparisons
WASHINGTON—The U.S. hotel industry reported positive comparisons year over year, according to CoStar’s latest data through Aug. 24, 2024. U.S. Hotel PerformanceAugust 18-24, 2024 Percentage change from comparable week in 2023:Occupancy: 66.1 percent (up 1.7 percent)ADR: $154.80 (up 2.7 percent)RevPAR: $102.30 (up 4.5 percent) Among the Top 25 Markets, Houston saw the highest year-over-year occupancy lift (up 31.7 percent to 76.1 percent). Driven by the Democratic National Convention, Chicago posted the largest increases in ADR […]
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