U.S. hotel results for week ending 7 December
The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through 7 December. 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 performance comparisons, according to CoStar’s latest data through 7 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
1-7 December 2024 (percentage change from comparable week in 2023):
- Occupancy: 59.0% (+0.5%)
- Average daily rate (ADR): US$159.77 (+3.8%)
- Revenue per available room (RevPAR): US$94.31 (+4.3%)
Among the Top 25 Markets, Chicago reported the largest year-over-year increases in occupancy (+17.8% to 67.6%) and RevPAR (+42.9% to US$110.59).
Las Vegas posted the highest ADR lift (+27.1% to US$261.33).
The steepest RevPAR declines were reported in San Francisco (-16.7% to US$114.86) and New Orleans (-14.7% to US$83.16).
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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