CoStar: U.S. Hotel Industry Reports Negative Year-Over-Year Performance
WASHINGTON—The U.S. hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through Sept. 14, 2024. U.S. Hotel PerformanceSeptember 8-14 2024 Percentage change from comparable week in 2023:Occupancy: 66.6 percent (down 1.7 percent)ADR: $162.05 (up 0.2 percent)RevPAR: $107.86 (down 1.4 percent) Among the Top 25 Markets, San Diego saw the highest year-over-year increase in occupancy (up 10.5 percent to 79.9 percent). Chicago reported the largest lift in ADR (up 15.5 percent to $216.57). […]
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