The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through 7 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
1-7 December 2024 (percentage change from comparable week in 2023):
Occupancy: 59.0% (+0.5%)
Average daily rate (ADR): US$159.77 (+3.8%)
Revenue per available room (RevPAR): US$94.31 (+4.3%)
Among the Top 25 Markets, Chicago reported the largest year-over-year increases in occupancy (+17.8% to 67.6%) and RevPAR (+42.9% to US$110.59).
Las Vegas posted the highest ADR lift (+27.1% to US$261.33).
The steepest RevPAR declines were reported in San Francisco (-16.7% to US$114.86) and New Orleans (-14.7% to US$83.16).
For more information about the company and its products and services, please visit www.costargroup.com.
