The U.S. hotel industry reported slightly positive comparisons year over year, according to CoStar’s latest data for the week of July 28 to Aug. 3.
For the week (percentage change from comparable week in 2023):
- Occupancy: 69.4 percent (+0.8 percent)
- Average daily rate: $159.63 (+0.6 percent)
- Revenue per available room: $110.84 (+1.3 percent)
Top Markets
Among CoStar’s top 25 markets, Houston saw the highest year-over-year increases in occupancy (+28.1 percent to 75.8 percent) and RevPAR (+45.7 percent to $93.88).
Houston (+13.7 percent to $123.82) and Philadelphia (+13.7 percent to $161.02) matched for the largest lift in ADR.
The steepest RevPAR declines were seen in Anaheim, Calif. (-12.0 percent to $171.55) and Los Angeles (-10.7 percent to $158.64).