WASHINGTON – 23 May 2024 – The U.S. hotel industry reported higher performance from the previous week and positive comparisons year over year, according to CoStar’s latest data through 18 May. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
12-18Â May 2024 (percentage change from comparable week in 2023):
- Occupancy: 67.4% (+0.2%)
- Average daily rate (ADR): US$163.11 (+2.6%)
- Revenue per available room (RevPAR): US$109.93 (+2.8%)
Among the Top 25 Markets, Houston saw the only double-digit occupancy lift (+10.5% to 67.9%).
Atlanta reported the highest year-over-year increases in ADR (+10.0% to US$137.30) and RevPAR (+18.0% to US$98.86).
The steepest RevPAR declines were seen in Orlando (-8.6% to US$119.59), St. Louis (-6.7% to US$91.46) and Tampa (-6.7% to US$109.91).
For more information about the company and its products and services, please visit www.costargroup.com.
Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 82,000 properties and 10.7 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
