STR: U.S. hotel results for week ending 23 November

Due to the Thanksgiving calendar shift, the U.S. hotel industry reported higher year-over-year performance comparisons, according to CoStar’s latest data through 23 November.

• Among the Top 25 Markets, Seattle reported the largest year-over-year occupancy increase (+62.9% to 76.7%).
• Chicago posted the highest lifts in ADR (+43.8% to US$181.36) and RevPAR (+113.7% to US$127.91).
• Oahu was the only market to register a RevPAR decline (-22.7% to US$176.10).

17-23 Nov 2024 (percentage change from comparable weeks in 2023):

• Occupancy: 59.7 (+20.7%)
• Average daily rate (ADR): US$150.49 (+8.6%)
• Revenue per available room (RevPAR): US$89.80 (+31.1%)