This week in Hospitality & Tourism #34 2024

STR: U.S. hotel results for week ending 17 August

The U.S. hotel industry reported mixed comparisons year over year, according to CoStar’s latest data through 17 August.

• Among the Top 25 Markets, Houston saw the highest year-over-year increases in each of the three key performance metrics: occupancy (+34.3% to 75.3%), ADR (+14.5% to US$121.89) and RevPAR (+53.8% to US$91.73).
• The steepest RevPAR declines were seen in San Francisco (-13.8% to US$143.39) and Atlanta (-11.3% to US$69.43).

11-17 August 2024 (percentage change from comparable weeks in 2023):

• Occupancy: 66.9 (-0.2%)
• Average daily rate (ADR): US$156.35 (+1.0%)
• Revenue per available room (RevPAR): US$104.54 (+0.9%)