U.S. hotel results for week ending 21 September

The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 21 September. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

15-21 September 2024 (percentage change from comparable week in 2023):

• Occupancy: 68.9% (+0.5%)
• Average daily rate (ADR): US$168.80 (+2.0%)
• Revenue per available room (RevPAR): US$116.22 (+2.5%)

Among the Top 25 Markets, Houston saw the highest year-over-year lift in occupancy (+10.7% to 69.0%).

Driven by Dreamforce 2024, San Francisco reported the largest increases in ADR (+60.9% to US$363.09) and RevPAR (+71.6% to US$300.36).

The steepest RevPAR decline was seen in New York City (-14.5% to US$379.90), due to a comparison against the week of the general debates during the United Nations General Assembly.

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