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San Diego posted the largest lift in ADR (+12.0% to US$294.80).
The U.S. hotel industry reported lower performance results than the previous week and mixed comparisons year over year, according to CoStar’s latest data through 27 July.
21-27 July 2024 (percentage change from comparable week in 2023):
- Occupancy: 72.0% (-0.4%)
- Average daily rate (ADR): US$164.45 (+1.3%)
- Revenue per available room (RevPAR): US$118.37 (+0.9%)
Among the Top 25 Markets, New Orleans saw the highest year-over-year occupancy increase (+16.9% to 66.7%).
San Diego posted the largest lift in ADR (+12.0% to US$294.80).
The steepest RevPAR decline was seen in Nashville (-24.2% to US$128.78), due to a comparison against George Strait concert dates (28-29 July 2023).
CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. For more information about the company and its products and services, please visit www.costargroup.com.
