U.S. hotel results for week ending 23 November
WASHINGTON -- Due to the Thanksgiving calendar shift, the U.S. hotel industry reported higher year-over-year performance comparisons, according to CoStar’s latest data through 23 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
WASHINGTON -- Due to the Thanksgiving calendar shift, the U.S. hotel industry reported higher year-over-year performance comparisons, according to CoStar’s latest data through 23 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
17-23 November 2024 (percentage change from comparable week in 2023):
- Occupancy: 59.7% (+20.7%)
- Average daily rate (ADR): US$150.49 (+8.6%)
- Revenue per available room (RevPAR): US$89.80 (+31.1%)
Among the Top 25 Markets, Seattle reported the largest year-over-year occupancy increase (+62.9% to 76.7%).
Chicago posted the highest lifts in ADR (+43.8% to US$181.36) and RevPAR (+113.7% to US$127.91).
Oahu was the only market to register a RevPAR decline (-22.7% to US$176.10).
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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