This week in Hospitality & Tourism #48 2024

  • STR: U.S. hotel results for week ending 23 November

    Due to the Thanksgiving calendar shift, the U.S. hotel industry reported higher year-over-year performance comparisons, according to CoStar’s latest data through 23 November.

    • Among the Top 25 Markets, Seattle reported the largest year-over-year occupancy increase (+62.9% to 76.7%).
    • Chicago posted the highest lifts in ADR (+43.8% to US$181.36) and RevPAR (+113.7% to US$127.91).
    • Oahu was the only market to register a RevPAR decline (-22.7% to US$176.10).

    17-23 Nov 2024 (percentage change from comparable weeks in 2023):

    • Occupancy: 59.7 (+20.7%)
    • Average daily rate (ADR): US$150.49 (+8.6%)
    • Revenue per available room (RevPAR): US$89.80 (+31.1%)

STR Occupancy & ADR