U.S. HOTEL PERFORMANCE continued its downward trajectory in the second week of August compared to the first week, despite positive year-over-year comparisons, according to CoStar. Key metrics such as occupancy, RevPAR and ADR all decreased from the previous week.
Occupancy fell to 68.7 percent for the week ending Aug. 10, down from 69.4 percent the previous week but marking a 0.5 percent increase year-over-year. The ADR was $159.49, slightly lower than the prior week's $159.63, yet 1.4 percent higher than last year. RevPAR decreased to $109.51 from $110.84 the previous week but was 1.9 percent higher compared to the same period in 2023.
Among the top 25 markets, Houston saw the largest year-over-year increase in occupancy, rising by 31.1 percent to 76.3 percent. The city’s RevPAR also increased 47.2 percent to $93.89.
Chicago posted the largest increase in ADR, up 13.8 percent to $188.95. Los Angeles and Dallas experienced the steepest declines in RevPAR, falling 12.2 percent to $161.66 and 11.3 percent to $66.30, respectively.
