WASHINGTON – 19 September 2024 – The U.S. hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through 14 September. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
8-14 September 2024 (percentage change from comparable week in 2023):
- Occupancy: 66.6% (-1.7%)
- Average daily rate (ADR): US$162.05 (+0.2%)
- Revenue per available room (RevPAR): US$107.86 (-1.4%)
Among the Top 25 Markets, San Diego saw the highest year-over-year increase in occupancy (+10.5% to 79.9%).
Chicago reported the largest lift in ADR (+15.5% to US$216.57).
The steepest RevPAR decline was seen in San Francisco (-37.2% to US$171.26), due to a comparison against the week of Dreamforce 2023.
For more information about the company and its products and services, please visit www.costargroup.com.