- The U.S. hotel industry sees a year-over-year increase in occupancy and revenue, with Tampa and New Orleans leading the way.
- Las Vegas and Minneapolis suffer declines in revenue per available room (RevPAR).
The latest report from leading real estate data provider CoStar revealed positive year-over-year growth for the U.S. hotel industry for the week ending 26 October 2024. The industry saw a 4.5% increase in occupancy to 69.0% and a 4.6% rise in the average daily rate (ADR) to $168.69. Revenue per available room (RevPAR), a key hotel performance indicator, also surged…
