U.S. hotel results for week ending 19 October
The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 19 October. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
WASHINGTON -- The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 19 October. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
13-19 October 2024 (percentage change from comparable week in 2023):
- Occupancy: 70.1% (+1.6)
- Average daily rate (ADR): US$169.85 (+2.5%)
- Revenue per available room (RevPAR): US$119.01 (+4.2%)
Among the Top 25 Markets, Tampa saw the largest occupancy lift (+23.6% to 83.7%), due to continued displacement demand from Hurricane Milton.
Miami saw the highest increases in ADR (+29.9% to US$245.28) and RevPAR (+35.5% to US$179.72). The market’s performance was driven by Taylor Swift’s Eras Tour and Adobe MAX 2024.
The steepest RevPAR declines were seen in Las Vegas (-19.5% to US$192.14) and Denver (-12.5% to US$105.98).
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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.
Media Contact
Haley Luther
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