CoStar: U.S. Hotel Industry Performance Improves Year Over Year
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 PerformanceAugust 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). […]
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