U.S. HOTEL PERFORMANCE improved in the third week of September compared to the previous week, with year-over-year results also remaining positive, according to CoStar. Key metrics—occupancy, RevPAR, and ADR—all saw week-over-week growth.
Occupancy rose to 68.9 percent for the week ending Sept. 21, up from 66.6 percent the previous week and 0.5 percent higher year-over-year. ADR reached $168.80, an increase from $162.05 the prior week and 2 percent higher than the same week last year. RevPAR climbed to $116.22 from $107.86, marking a 2.5 percent increase compared to the same period in 2023.
Among the top 25 markets, Houston recorded the highest year-over-year occupancy gain, rising 10.7 percent to 69 percent. Driven by Dreamforce 2024, San Francisco reported the largest increases in ADR, rising 60.9 percent to $363.09, and RevPAR, which climbed 71.6 percent to $300.36.
The steepest RevPAR decline was observed in New York City, which fell 14.5 percent to $379.90, largely due to the comparison against the week of the general debates during the United Nations General Assembly.
