This week in Hospitality & Tourism #18 2024

  • STR: U.S. hotel results for week ending 27 April

    As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar’s latest data through 27 April.

    • Among the Top 25 Markets, Seattle reported the only double-digit increase in occupancy (+15.6% to 74.6%). Detroit, host of the NFL Draft, posted the highest jump in both ADR (+21.8% to US$147.83) and RevPAR (+25.6% to US$94.74).
    • The steepest declines in each of the three key performance metrics were seen in San Francisco/San Mateo: occupancy (-16.7% to 67.5%), ADR (-37.3% to US$190.91), and RevPAR (-47.7% to US$128.79).

    21-27 April 2024 (percentage change from comparable weeks in 2023):

    • Occupancy: 65.7 (-1.2%)
    • Average daily rate (ADR): US$154.44 (-1.3%)
    • Revenue per available room (RevPAR): US$101.42 (-2.5%)
STR Occupancy & ADR