US hotel results for week ending 4 May
Wednesday, 15th May 2024
Source : STR

US hotel performance showed mixed results from the previous week, according to CoStar’s latest data through 4 May.

28 April through 4 May 2024 (percentage change from comparable week in 2023):

  • Occupancy: 64.4% (-0.8%)
  • Average daily rate (ADR): US$159.97 (+1.3%)
  • Revenue per available room (RevPAR): US$103.09 (+0.5%)

Among the Top 25 Markets, Seattle reported the highest year-over-year increase in occupancy (+8.1% to 69.4%).  

Dallas posted the largest lift in ADR (+5.8% to US$134.33).

The steepest RevPAR declines were seen in Atlanta (-12.7% to US$85.87) and San Francisco (-12.5% to US$123.02).

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit www.str.com

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