Due to the Thanksgiving calendar shift, the U.S. hotel industry reported higher year-over-year performance comparisons, according to CoStar’s latest data through 23 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
17-23 November 2024 (percentage change from comparable week in 2023):
- Occupancy: 59.7% (+20.7%)
- Average daily rate (ADR): US$150.49 (+8.6%)
- Revenue per available room (RevPAR): US$89.80 (+31.1%)
Among the Top 25 Markets, Seattle reported the largest year-over-year occupancy increase (+62.9% to 76.7%).
Chicago posted the highest lifts in ADR (+43.8% to US$181.36) and RevPAR (+113.7% to US$127.91).
Oahu was the only market to register a RevPAR decline (-22.7% to US$176.10).
For more information about the company and its products and services, please visit www.costargroup.com.
