This week in Hospitality & Tourism #49 2024
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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%)