WASHINGTON – 19 February 2024 – The U.S. hotel industry reported lower performance results month over month, according to January 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
January 2024 (percentage change from January 2023):
- Occupancy: 51.9% (-1.7%)
- Average daily rate (ADR): US$146.33 (+2.7%)
- Revenue per available room (RevPAR): US$75.99 (+0.9%)
Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (79.0%), which was up 6.2% year over year.
Markets with the lowest occupancy for the month included Minneapolis (40.7%) and St. Louis (43.7%).
The Top 25 Markets showed higher occupancy and ADR than all other markets.
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Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 81,000 properties and 10.5 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
