U.S. Hotel Performance for Week Ending June 22nd

The U.S. hotel industry reported lower performance results from the previous week and mixed comparisons year over year, according to CoStar’s latest data through 22 June.

16-22 June 2024 (percentage change from comparable week in 2023):

• Occupancy: 69.5% (-2.5%)
• Average daily rate (ADR): US$159.88 (+0.1%)
• Revenue per available room (RevPAR): US$111.17 (-2.3%)

Among the Top 25 Markets, Seattle saw the highest year-over-year increases in occupancy (+11.1% to 84.9%) and RevPAR (+16.8% to US$179.47).

Philadelphia posted the largest lift in ADR (+6.5% to US$170.10).

The steepest RevPAR declines were seen in San Francisco (-24.0% to US$111.18) and New Orleans (-21.8% to US$68.40).

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