WASHINGTON—The U.S. hotel industry reported mostly flat performance comparisons year over year, according to July 2024 data from CoStar.
U.S. Hotel Performance
July 2024
Percentage change from July 2023:
Occupancy: 68.8 percent (down 0.5 percent)
ADR: $161.69 (up 0.5 percent)
RevPAR: $111.18 (flat)
Among the Top 25 Markets, Oahu Island experienced the highest levels in each of the three key performance metrics: occupancy (up 4.5 percent to 88.3 percent), ADR (up 1.4 percent to $310.46), and RevPAR (up 5.9 percent to $274.13).
Markets with the lowest occupancy for the month included Phoenix (56.9 percent) and New Orleans (58.9 percent).
The Top 25 Markets showed higher occupancy and ADR than all other markets.
