Sunday, November 24, 2024
The U.S. hotel industry demonstrated improved performance in October 2024, reflecting continued recovery and growth, as per the latest data from CoStar. CoStar, a leading provider of online real estate marketplaces, information, and analytics for property markets, reported notable increases in key metrics compared to the same period last year.
October 2024 Highlights (Percentage Change from October 2023):
- Occupancy: 67.3% (+2.3%)
- Average Daily Rate (ADR): $164.86 (+1.8%)
- Revenue Per Available Room (RevPAR): $110.94 (+4.1%)
Among the Top 25…
