STR: U.S. hotel results for week ending 15 June

The U.S. hotel industry reported higher performance results from the previous week but mixed comparisons year over year, according to CoStar’s latest data through 15 June.

• Among the Top 25 Markets, San Francisco saw the highest year-over-year increases in occupancy (+17.0% to 79.4%), ADR (+11.3% to US$226.70) and RevPAR (+30.3% to US$179.97). The market’s performance was helped by the Data + AI Summit.
• The steepest RevPAR declines were seen in New Orleans (-13.5% to US$76.72) and Los Angeles (-11.4% to US$151.45).

9-15 June 2024 (percentage change from comparable weeks in 2023):

• Occupancy: 70.3 (-0.6%)
• Average daily rate (ADR): US$161.70 (+0.9%)
• Revenue per available room (RevPAR): US$113.62 (+0.3%)