The U.S. hotel industry reported lower performance results from the previous week and mixed comparisons year-over-year (YOY), according to CoStar’s latest data through June 22.
June 16-22 (percentage change from comparable week in 2023):
Occupancy: 69.5% (-2.5%)
ADR: $159.88 (+0.1%)
RevPAR: $111.17 (-2.3%)
Among the top 25 markets, Seattle saw the highest YOY increases in occupancy (+11.1% to 84.9%) and RevPAR (+16.8% to $179.47).
Philadelphia posted the largest lift in ADR (+6.5% to $170.10).
The steepest RevPAR declines were seen in San Francisco (-24.0% to $111.18) and New Orleans (-21.8% to $68.40).
