CoStar: U.S. Hotel Industry Reports Negative Year-Over-Year Performance
WASHINGTON—As projected for election week, the U.S. hotel industry reported negative year-over-year performance comparisons, according to CoStar’s latest data through Nov. 9, 2024. U.S. Hotel PerformanceNovember 3-9, 2024Percentage change from comparable week in 2023:Occupancy: 62.6 percent (down 3.5 percent)ADR: $156.11 (down 0.1 percent)RevPAR: $97.73 (down 3.5 percent) Among the Top 25 Markets, Las Vegas saw the largest increases across each of the three key performance metrics: occupancy (up 6.8 percent to 85.4 percent), ADR (up […]
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