This week in Hospitality & Tourism #48 2024
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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%)