The U.S. hotel industry reported positive comparisons year-over-year (YOY), according to CoStar’s latest data through Aug. 31.
Aug. 25-31 (percentage change from comparable week in 2023):
Occupancy: 63.9% (+1.9%)
ADR: $153.67 (+1.6%)
RevPAR: $98.18 (+3.6%)
Among the top 25 markets, Tampa saw the highest YOY occupancy lift (+15.2% to 61.7%).
Seattle posted the largest increase in ADR (+12.5% to $218.08).
The steepest RevPAR declines were seen in San Francisco (-22.2% to $122.95) and Oahu Island (-10.3% to $194.51).
