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

The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar's latest data through 7 December.

• Among the Top 25 Markets, Chicago reported the largest year-over-year increases in occupancy (+17.8% to 67.6%) and RevPAR (+42.9% to US$110.59).
• Las Vegas posted the highest ADR lift (+27.1% to US$261.33).
• The steepest RevPAR declines were reported in San Francisco (-16.7% to US$114.86) and New Orleans (-14.7% to US$83.16).

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

• Occupancy: 59.0 (+0.5%)
• Average daily rate (ADR): US$159.77 (+3.8%)
• Revenue per available room (RevPAR): US$94.31 (+4.3%)