U.S. hotel performance for September 2024
The U.S. hotel industry reported mixed performance results from the previous month, according to September 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
WASHINGTON – The U.S. hotel industry reported mixed performance results from the previous month, according to September 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
September 2024 (percentage change from September 2023):
- Occupancy: 64.6% (-2.5%)
- Average daily rate (ADR): US$162.63 (+1.2%)
- Revenue per available room (RevPAR): US$105.04 (-1.3%)
Among the Top 25 Markets, New York City experienced the highest occupancy level (-0.8% to 87.0%), driven by the United Nations General Assembly, Fashion Week, and the U.S. Open.
Markets with the lowest occupancy for the month included New Orleans (53.6%) and Tampa (61.4%).
The Top 25 Markets showed higher occupancy and ADR than all other markets.
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Additional Performance Data: CoStar’s world-leading hotel performance sample comprises 85,000 properties and 11 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
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