This week in Hospitality & Tourism #38 2024

STR: U.S. hotel results for week ending 14 September

The U.S. hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through 14 September.

• Among the Top 25 Markets, San Diego saw the highest year-over-year increase in occupancy (+10.5% to 79.9%).
• Chicago reported the largest lift in ADR (+15.5% to US$216.57).
• The steepest RevPAR decline was seen in San Francisco (-37.2% to US$171.26), due to a comparison against the week of Dreamforce 2023.

8-14 September 2024 (percentage change from comparable weeks in 2023):

• Occupancy: 66.6 (-1.7%)
• Average daily rate (ADR): US$162.05 (+0.2%)
• Revenue per available room (RevPAR): US$107.86 (-1.4%)