The U.S. hotel industry reported higher performance results from the previous week but mixed comparisons year-over-year (YOY), according to CoStar’s latest data through June 15.
June 9-15 (percentage change from comparable week in 2023):
Occupancy: 70.3% (-0.6%)
ADR: $161.70 (+0.9%)
RevPAR: $113.62 (+0.3%)
Among the top 25 markets, San Francisco saw the highest YOY increases in occupancy (+17.0% to 79.4%), ADR (+11.3% to $226.70) and RevPAR (+30.3% to $179.97). The market’s performance was helped by the Data + AI Summit.
The steepest RevPAR declines were seen in New Orleans (-13.5% to $76.72) and Los Angeles (-11.4% to $151.45).
