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Discover the robust 13.8% increase in global air travel demand for March 2024, as reported by IATA.The U.S. hotel industry reported higher performance from the previous week and positive comparisons year over year, according to CoStar’s latest data through 18 May. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

12-18 May 2024 (percentage change from comparable week in 2023):

  • Occupancy: 67.4% (+0.2%)
  • Average daily rate (ADR): US$163.11 (+2.6%)
  • Revenue per available room (RevPAR): US$109.93 (+2.8%)

Among the Top 25 Markets, Houston saw the only double-digit occupancy lift (+10.5% to 67.9%).

Atlanta reported the highest year-over-year increases in ADR (+10.0% to US$137.30) and RevPAR (+18.0% to US$98.86).

The steepest RevPAR declines were seen in Orlando (-8.6% to US$119.59), St. Louis (-6.7% to US$91.46) and Tampa (-6.7% to US$109.91).

For more information about the company and its products and services, please visit www.costargroup.com.