WASHINGTON —The U.S. hotel industry reported positive comparisons year over year, according to CoStar’s latest data through Aug. 31, 2024.
U.S. Hotel Performance
August 25-31, 2024
Percentage change from comparable week in 2023:
Occupancy: 63.9 percent (up 1.9 percent)
ADR: $153.67 (up 1.6 percent)
RevPAR: $98.18 (up 3.6 percent)
Among the Top 25 Markets, Tampa saw the highest year-over-year occupancy lift (up 15.2 percent to 61.7 percent).
Seattle posted the largest increase in ADR (up 12.5 percent to $218.08).
The steepest RevPAR declines were seen in San Francisco (down 22.2 percent to $122.95) and Oahu Island (down 10.3 percent to $194.51).
