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The steepest RevPAR declines were seen in San Francisco (-13.8% to US$143.39) and Atlanta (-11.3% to US$69.43). – Image Credit Unsplash+
The U.S. hotel industry reported mixed comparisons year over year, according to CoStar’s latest data through 17 August.
11-17 August 2024 (percentage change from comparable week in 2023):
- Occupancy: 66.9% (-0.2%)
- Average daily rate (ADR): US$156.35 (+1.0%)
- Revenue per available room (RevPAR): US$104.54 (+0.9%)
Among the Top 25 Markets, Houston saw the highest year-over-year increases in each of the three key performance metrics: occupancy (+34.3% to 75.3%), ADR (+14.5% to US$121.89) and RevPAR (+53.8% to US$91.73).
The steepest RevPAR declines were seen in San Francisco (-13.8% to US$143.39) and Atlanta (-11.3% to US$69.43).
CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. For more information about the company and its products and services, please visit www.costargroup.com.