Friday, December 6, 2024
The U.S. hotel industry experienced a notable decline in year-over-year performance during the week of 24-30 November 2024, as revealed by the latest data from CoStar Group. This decline is attributed to the Thanksgiving calendar shift, which impacted comparability with the same week in 2023. CoStar, a leading provider of real estate marketplaces and analytics, reported a decrease across key performance metrics, including occupancy, average daily rate (ADR), and revenue per available room (RevPAR).
Key Performance Metrics (24-30 November 2024, Year-Over-Year Comparison)
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