As projected for election week, the US hotel industry reported negative year-over-year performance comparisons.
3-9 November 2024 (percentage change from comparable week in 2023):
- Occupancy: 62.6% (-3.5%)
- Average daily rate (ADR): US$156.11 (-0.1%)
- Revenue per available room (RevPAR): US$97.73 (-3.5%)
Among the Top 25 Markets, Las Vegas saw the largest increases across each of the three key performance metrics: occupancy (+6.8% to 85.4%), ADR (+28.2% to US$256.38) and RevPAR (+36.9% to US$219.07).
The steepest RevPAR declines were seen in San Francisco (-35.2% to US$111.40) and Washington, D.C. (-27.9% to US$95.89).
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