U.S. hotel results for week ending 13 July

WASHINGTON – 18 July 2024 – The U.S. hotel industry reported higher performance results than the previous week but lower comparisons year over year, according to CoStar’s latest data through 13 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

7-13 July 2024 (percentage change from comparable week in 2023):

• Occupancy: 69.2% (-3.7%)

• Average daily rate (ADR): US$158.21 (-1.5%)

• Revenue per available room (RevPAR): US$109.51 (-5.2%) 

Among the Top 25 Markets, Houston saw the highest year-over-year increases in each of the three key performance metrics: occupancy (+13.4% to 72.2%), ADR (+22.4% to US$137.17) and RevPAR (+38.8% to US$98.97). The market’s performance was impacted by the effects of Hurricane Beryl. 

The steepest RevPAR declines were seen in Denver (-29.4% to US$125.40) and San Diego (-26.7% to US$188.40).

For more information about the company and its products and services, please visit www.costargroup.com.