CoStar: U.S. Hotel Industry Reports Higher Performance From the Previous Week
🏨 In the week of June 23-29, 2024, the U.S. hotel industry saw occupancy rise to 71.9% (3.2% increase), ADR to $162.81 (3.6% increase), and RevPAR to $117.13 (6.9% increase) compared to 2023. Minneapolis led with occupancy up 20.1% to 74.8%, ADR up 15.7% to $150.42, and RevPAR up 39.0% to $112.46, boosted by the U.S. Olympic Gymnastics Trials and Twin Cities Pride Parade. Meanwhile, New Orleans faced a RevPAR drop of 30.6% to $82.54.
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