Due to the Fourth of July, the U.S. hotel industry reported lower performance results from the previous week and mixed comparisons year over year, according to CoStar’s latest data through 6 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
30 June through 6 July 2024 (percentage change from comparable week in 2023):
- Occupancy: 61.3% (-0.9%)
- Average daily rate (ADR): US$157.27 (+0.5%)
- Revenue per available room (RevPAR): US$96.35 (-0.4%)
Among the Top 25 Markets, New Orleans saw the highest year-over-year increases in each of the three key performance metrics: occupancy (+15.5% to 56.6%), ADR (+35.1% to US$197.23) and RevPAR (+56.1% to US$111.72).
The steepest RevPAR declines were seen in St. Louis (-25.4% to US$58.65) and Tampa (-13.5% to US$100.65).
For more information about the company and its products and services, please visit www.costargroup.com.
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