STR: U.S. hotel results for week ending 7 September

The U.S. hotel industry reported lower performance results than the previous week, according to CoStar’s latest data through 7 September.

• Among the Top 25 Markets, Houston saw the highest year-over-year increases in occupancy (+8.0% to 57.1%) and RevPAR (+18.5% to US$65.62).
• Two markets matched for the largest ADR lift: Houston (+9.7% to US$115.02) and Detroit (+9.7% to US$129.21).
• The steepest RevPAR declines were seen in Las Vegas (-18.6% to US$106.24) and Boston (-18.3% to US$151.11).

1-7 September 2024 (percentage change from comparable weeks in 2023):

• Occupancy: 57.8 (-4.2%)
• Average daily rate (ADR): US$149.67 (-1.0%)
• Revenue per available room (RevPAR): US$86.48 (-5.2%)