This week in Hospitality & Tourism #36 2024

STR: U.S. hotel results for week ending 31 August

The U.S. hotel industry reported positive comparisons year over year, according to CoStar’s latest data through 31 August.

• Among the Top 25 Markets, Tampa saw the highest year-over-year occupancy lift (+15.2% to 61.7%).
• Seattle posted the largest increase in ADR (+12.5% to US$218.08).
• The steepest RevPAR declines were seen in San Francisco (-22.2% to US$122.95) and Oahu Island (-10.3% to US$194.51).

25-31 August 2024 (percentage change from comparable weeks in 2023):

• Occupancy: 63.9 (+1.9%)
• Average daily rate (ADR): US$153.67 (+1.6%)
• Revenue per available room (RevPAR): US$98.18 (+3.6%)