The U.S. hotel industry reported higher performance results from the previous week but mixed comparisons year over year, according to CoStar’s latest data through June 8.
June 2-8 (percentage change from comparable week in 2023):
Occupancy: 69.1% (-0.1%)
ADR: $160.90 (+1.8%)
RevPAR: $111.26 (+1.7%)
Among the top 25 markets, Houston saw the highest year-over-year increases in occupancy (+14.8% to 71.1%) and RevPAR (+19.3% to $85.20).
New York City reported the largest lift in ADR (+9.1% to $358.25).
The steepest RevPAR declines were seen in Detroit (-8.7% to $83.43) and Atlanta (-6.8% to $85.63).
