WASHINGTON—The U.S. lodge trade reported optimistic comparisons yr over yr, based on CoStar’s newest information by Aug. 24, 2024.
U.S. Resort Efficiency
August 18-24, 2024
Share change from comparable week in 2023:
Occupancy: 66.1 % (up 1.7 %)
ADR: $154.80 (up 2.7 %)
RevPAR: $102.30 (up 4.5 %)
Among the many Prime 25 Markets, Houston noticed the best year-over-year occupancy raise (up 31.7 % to 76.1 %).
Pushed by the Democratic Nationwide Conference, Chicago posted the biggest will increase in ADR (up 41.8 % to $215.60) and RevPAR (up 51.1 % to $156.32). The market’s occupancy rose 6.5 % to 72.5 %.
The steepest RevPAR declines have been seen in Las Vegas (down 14.2 % to $112.09) and Nashville (down 11.3 % to $96.11).
