This week in Hospitality & Tourism #49 2024

  • STR: U.S. hotel results for week ending 30 November

    Due to the Thanksgiving calendar shift, the U.S. hotel industry reported lower year-over-year performance comparisons, according to CoStar’s latest data through 30 November.

    • Among the Top 25 Markets, Tampa reported the largest year-over-year increases in occupancy (+13.2% to 69.0%) and RevPAR (+22.6% to US$106.16).
    • Oahu posted the highest ADR lift (+12.8% to US$286.39).
    • Overall, 19 of the Top 25 Markets reported a decline in RevPAR, with Las Vegas registering the steepest drop (-56.0% to US$86.03).

    24-30 Nov 2024 (percentage change from comparable weeks in 2023):

    • Occupancy: 50.0 (-7.7%)
    • Average daily rate (ADR): US$141.09 (-3.0%)
    • Revenue per available room (RevPAR): US$70.59 (-10.5%)

STR Occupancy & ADR