This week in Hospitality & Tourism #33 2024

STR: U.S. hotel results for week ending 10 August

The U.S. hotel industry reported positive comparisons year over year, according to CoStar’s latest data through 10 August.

• Among the Top 25 Markets, Houston saw the highest year-over-year increases in occupancy (+31.1% to 76.3%) and RevPAR (+47.2% to US$93.89).
• Chicago posted the largest lift in ADR (+13.8% to US$188.95).
• The steepest RevPAR declines were seen in Los Angeles (-12.2% to US$161.66) and Dallas (-11.3% to US$66.30).

4-10 August 2024 (percentage change from comparable weeks in 2023):

• Occupancy: 67.8 (+0.5%)
• Average daily rate (ADR): US$159.49 (+0.6%)
• Revenue per available room (RevPAR): US$109.51 (+1.9%)