This week in Hospitality & Tourism #30 2024
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STR: U.S. hotel results for week ending 20 July
The U.S. hotel industry reported higher performance results than the previous week and positive comparisons year over year, according to CoStar’s latest data through 20 July.
- The U.S. RevPAR level was the highest for any week on record.
- Among the Top 25 Markets, Houston saw the highest year-over-year increases in each of the three key performance metrics: occupancy (+29.6% to 82.2%), ADR (+20.3% to US$135.65) and RevPAR (+56.0% to US$111.49). The market’s performance was impacted by the effects of Hurricane Beryl.
- The steepest RevPAR declines were seen in San Francisco (-14.1% to US$140.09) and Seattle (-12.4% to US$195.52).
14-20 July 2024 (percentage change from comparable weeks in 2023):
- Occupancy: 73.50 (+1.0%)
- Average daily rate (ADR): US$165.91 (+2.4%)
- Revenue per available room (RevPAR): US$122.02 (+3.4%)
