Due to Memorial Day, the U.S. hotel industry reported lower performance results from the previous week but slightly positive comparisons year over year, according to CoStar’s latest data through 1 June.
26 May through 1 June 2024 (percentage change from comparable week in 2023):
- Occupancy: 62.0% (+0.9%)
- Average daily rate (ADR): US$150.87 (+0.1%)
- Revenue per available room (RevPAR): US$93.50 (+1.0%)
Among the Top 25 Markets, New Orleans saw the highest year-over-year…
