U.S. Hotel Performance for Week Ending September 28th :: Hospitality Trends

The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 28 September.

22-28 September 2024 (percentage change from comparable week in 2023):

• Occupancy: 68.4% (+2.6%)
• Average daily rate (ADR): US$170.24 (+7.5%)
• Revenue per available room (RevPAR): US$116.50 (+10.2%) 

Among the Top 25 Markets, New York City saw the highest year-over-year increases in each of the key performance metrics: occupancy (+11.4% to 93.2%), ADR (+52.8% to US$523.69) and RevPAR (+70.1% to US$488.32). The market’s performance was driven by the United Nations General Assembly. 

The steepest RevPAR declines were seen in San Francisco (-17.6% to US$177.81) and Nashville (-5.5% to US$136.06).

CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. For more information about the company and its products and services, please visit www.costargroup.com.