The U.S. hotel industry reported lower performance results than the previous week and mixed comparisons year over year, according to CoStar’s latest data through July 27.
July 21-27 (percentage change from comparable week in 2023):
- Occupancy: 72.0 percent (-0.4 percent)
- Average daily rate (ADR): $164.45 (+1.3 percent)
- Revenue per available room (RevPAR): $118.37 (+0.9 percent)
Among the Top 25 Markets, New Orleans saw the highest year-over-year occupancy increase (+16.9 percent to 66.7 percent).
San Diego posted the largest lift in ADR (+12 percent to $294.80).
The steepest RevPAR decline was seen in Nashville (-24.2 percent to $128.78), due to a comparison against George Strait concert dates (July 28-29, 2023).