STR: U.S. hotel results for week ending 3 August

The U.S. hotel industry reported slightly positive comparisons year over year, according to CoStar’s latest data through 3 August.

• Among the Top 25 Markets, Houston saw the highest year-over-year increases in occupancy (+28.1% to 75.8%) and RevPAR (+45.7% to US$93.88).
• Houston (+13.7% to US$123.82) and Philadelphia (+13.7% to US$161.02) matched for the largest lift in ADR.
• The steepest RevPAR declines were seen in Anaheim (-12.0% to US$171.55) and Los Angeles (-10.7% to US$158.64).

28 July - 3 August 2024 (percentage change from comparable weeks in 2023):

• Occupancy: 69.4 (+0.8%)
• Average daily rate (ADR): US$159.63 (+0.6%)
• Revenue per available room (RevPAR): US$110.84 (+1.3%)