This week in Hospitality & Tourism #21 2024

  • STR: U.S. hotel results for week ending 18 May

    The U.S. hotel industry reported higher performance from the previous week and positive comparisons year over year, according to CoStar’s latest data through 18 May.

    • Among the Top 25 Markets, Houston saw the only double-digit occupancy lift (+10.5% to 67.9%).
    • Atlanta reported the highest year-over-year increases in ADR (+10.0% to US$137.30) and RevPAR (+18.0% to US$98.86).
    • The steepest RevPAR declines were seen in Orlando (-8.6% to US$119.59), St. Louis (-6.7% to US$91.46) and Tampa (-6.7% to US$109.91).

    12-18 May 2024 (percentage change from comparable weeks in 2023):

    • Occupancy: 67.4 (+0.2%)
    • Average daily rate (ADR): US$163.11 (+2.6%)
    • Revenue per available room (RevPAR): US$109.93 (+2.8%)
STR Occupancy & ADR