This week in Hospitality & Tourism #51 2024
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STR: U.S. hotel results for week ending 14 December
The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through 14 December.
Growth was elevated due to the Hannukah calendar shift as well as the compressed business travel period between Thanksgiving and Christmas.
- Among the Top 25 Markets, Tampa reported the largest year-over-year occupancy increase (+33.3% to 84.7%).
- New York City posted the highest ADR lift (+30.1% to US$510.13).
- Washington, D.C., registered the largest jump in RevPAR (+67.6% to US$151.18), while San Francisco saw the only decline in the metric (-16.4% to US$131.08). The American Geophysical Union annual meeting shifted from San Francisco in 2023 to Washington, D.C., in 2024, which impacted performance. .
8-14 Dec 2024 (percentage change from comparable weeks in 2023):
- Occupancy: 59.50 (+8.5%)
- Average daily rate (ADR): US$155.21 (+8.9%)
- Revenue per available room (RevPAR): US$92.32 (+18.2%)
