The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through 14 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Growth was elevated due to the Hannukah calendar shift as well as the compressed business travel period between Thanksgiving and Christmas.
8-14 December 2024 (percentage change from comparable week in 2023):
- Occupancy: 59.5% (+8.5%)
- Average daily rate (ADR): US$155.21 (+8.9%)
- Revenue per available room (RevPAR): US$92.32 (+18.2%)
Among the Top 25 Markets, Tampa reported the largest year-over-year occupancy increase (+33.3% to 84.7%).
New York City posted the highest ADR lift (+30.1% to US$510.13).
Washington, D.C., registered the largest jump in RevPAR (+67.6% to US$151.18), while San Francisco saw the only decline in the metric (-16.4% to US$131.08). The American Geophysical Union annual meeting shifted from San Francisco in 2023 to Washington, D.C., in 2024, which impacted performance.
For more information about the company and its products and services, please visit www.costargroup.com.
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