The U.S. hotel industry reported negative year-over-year comparisons for the week ending Aug. 23, according to data from CoStar.
August 17-23 (percentage change from comparable week in 2024):
Occupancy: 65.4% (-1.1%)
ADR: $155.09 (-0.2%)
RevPAR: $101.38 (-1.3%)
Among the top 25 markets, Houston recorded the steepest declines in occupancy (-29.3% to 53.7%) and RevPAR (-38.1% to $58.43). The decreases are largely due to the elevated displacement demand period that followed Hurricane Beryl in 2024.
Chicago reported the largest drop in ADR (-22.3% to $167.40) and the second-steepest decrease in RevPAR (-19.9% to $125.14), due to a comparison against the Democratic National Convention in 2024.
