This week in Hospitality & Tourism #39 2024

September 27, 2024

STR: U.S. hotel results for week ending 21 September

The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 21 September.

  • Among the Top 25 Markets, Houston saw the highest year-over-year lift in occupancy (+10.7% to 69.0%).
  • Driven by Dreamforce 2024, San Francisco reported the largest increases in ADR (+60.9% to US$363.09) and RevPAR (+71.6% to US$300.36).
  • The steepest RevPAR decline was seen in New York City (-14.5% to US$379.90), due to a comparison against the week of the general debates during the United Nations General Assembly.

15-21 September 2024 (percentage change from comparable weeks in 2023):

  • Occupancy: 68.9 (+0.5%)
  • Average daily rate (ADR): US$168.80 (+2.0%)
  • Revenue per available room (RevPAR): US$116.22 (+2.5%)
STR Occupancy & ADR