U.S. hotel results for week ending 16 November
Due to the Veteran’s Day calendar shift, the U.S. hotel industry reported mixed year-over-year performance comparisons, according to CoStar’s latest data through 16 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
WASHINGTON -- Due to the Veteran’s Day calendar shift, the U.S. hotel industry reported mixed year-over-year performance comparisons, according to CoStar’s latest data through 16 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
10-16 November 2024 (percentage change from comparable week in 2023):
- Occupancy: 63.3% (+1.5%)
- Average daily rate (ADR): US$154.96 (-1.1%)
- Revenue per available room (RevPAR): US$98.11 (+0.4%)
Among the Top 25 Markets, Tampa saw the largest increases across each of the three key performance metrics: occupancy (+30.3% to 87.2%), ADR (+17.4% to US$176.73) and RevPAR (+52.9% to US$154.16). The market’s performance was due to continued displacement demand from Hurricane Milton.
The steepest RevPAR declines were seen in Las Vegas (-47.1% to US$136.28) and San Francisco (-27.8% to US$139.74). Las Vegas’ performance was impacted by the Formula 1 calendar shift.
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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
Senior Communications Manager [email protected] +1 (216) 278 0627