Thursday, June 13, 2024 The U.S. hotel industry reported better performance this week compared to the last, though annual comparisons remain mixed, according to CoStar’s latest data as of June 8.
CoStar is a premier provider of online real estate marketplaces, as well as comprehensive information and analytics for the property markets. For the week of June 2-8, 2024, the performance metrics compared to the same week in 2023 were as follows: In the Top 25 Markets, Houston stood out with the highest year-over-year gains in both occupancy (+14.8% to 71.
1%) and RevPAR (+19.3% to $85.20).
New York City saw the largest surge in ADR, jumping +9.1% to $358.25.
Conversely, the steepest declines in RevPAR were observed in Detroit (-8.7% to $83.43) and Atlanta (-6.
8% to $85.63)..
