U.S. hotel results for week ending 13 July
The U.S. hotel industry reported higher performance results than the previous week but lower comparisons year over year, according to CoStar’s latest data through 13 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.7-13 July 2024 (percentage change from comparable week in 2023):
The U.S. hotel industry reported higher performance results than the previous week but lower comparisons year over year, according to CoStar’s latest data through 13 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
7-13 July 2024 (percentage change from comparable week in 2023):
- Occupancy: 69.2% (-3.7%)
- Average daily rate (ADR): US$158.21 (-1.5%)
- Revenue per available room (RevPAR): US$109.51 (-5.2%)
Among the Top 25 Markets, Houston saw the highest year-over-year increases in each of the three key performance metrics: occupancy (+13.4% to 72.2%), ADR (+22.4% to US$137.17) and RevPAR (+38.8% to US$98.97). The market’s performance was impacted by the effects of Hurricane Beryl.
The steepest RevPAR declines were seen in Denver (-29.4% to US$125.40) and San Diego (-26.7% to US$188.40).
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