The U.S. hotel industry reported week-over-week higher performance results for the week of June 9-15 but mixed comparisons year over year, according to CoStar’s latest data.
For the week (percentage change from comparable week in 2023):
- Occupancy: 70.3 percent (-0.6 percent)
- Average daily rate: $161.70 (+0.9 percent)
- Revenue per available room: $113.62 (+0.3 percent)
Top Markets
Among CoStar's top 25 markets, San Francisco saw the highest year-over-year increases in occupancy (+17 percent to 79.4 percent), ADR (+11.3 percent to $226.70) and RevPAR (+30.3 percent to $179.97). The market’s performance was helped by the Data + AI Summit. The steepest RevPAR declines were seen in New Orleans (-13.5 percent to $76.72) and Los Angeles (-11.4 percent to $151.45).