U.S. hotel performance for October 2024
The U.S. hotel industry reported higher performance results from the previous month, according to October 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 higher performance results from the previous month, according to October 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
October 2024 (percentage change from October 2023):
- Occupancy: 67.3% (+2.3%)
- Average daily rate (ADR): US$164.86 (+1.8%)
- Revenue per available room (RevPAR): US$110.94 (+4.1%)
Among the Top 25 Markets, New York City experienced the highest occupancy level (+4.6% to 91.0%).
Markets with the lowest occupancy for the month included St. Louis (61.7%) and Minneapolis (63.1%).
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.
Media Contact
Haley Luther
Senior Communications Manager [email protected] +1 (216) 278 0627