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CoStar: U.S. Hotel Industry Continues Positive Performance

  • LODGING Staff
  • 16 August 2024
  • 1 minute read
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This article was written by Lodging Magazine. Click here to read the original article

August 2024

WASHINGTON—The U.S. hotel industry reported positive comparisons year over year for the second week in a row, according to CoStar’s latest data through August 10, 2024.

U.S. Hotel Performance
August 4-10, 2024
Percentage change from comparable week in 2023:
Occupancy: 68.7 percent (up 0.5 percent)
ADR: $159.49 (up 1.4 percent)
RevPAR: $109.51 (up 1.9 percent)

Among the Top 25 Markets, Houston saw the highest year-over-year increases in occupancy (up 31.1 percent to 76.3 percent) and RevPAR (up 47.2 percent to $93.89).

Chicago posted the largest lift in ADR (up 13.8 percent to $188.95).

The steepest RevPAR declines were seen in Los Angeles (down 12.2 percent to $161.66) and Dallas (down 11.3 percent to $66.30).

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