CoStar: Holidays and Natural Disasters Impact U.S. Hotel Performance
WASHINGTON—Due to Rosh Hashana, the U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through Oct. 5, 2024. U.S. Hotel PerformanceSeptember 29-October 5, 2024 Percentage change from comparable week in 2023:Occupancy: 65.6 percent (down 3.4 percent)ADR: $156.25 (down 4.4 percent)RevPAR: $102.44 (down 7.7 percent) Among the Top 25 Markets, Tampa saw the highest year-over-year increases in occupancy (up 24.1 percent to 81.3 percent) and RevPAR (up 22.1 percent to $125.39). As is […]
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