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CoStar: U.S. hotel performance slips further in second week of August

Houston sustained the largest year-over-year increases in occupancy and RevPAR

CoStar: U.S. hotel performance slips further in second week of August

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.

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U.S. Hotel Construction Drops to 40-Quarter Low: CoStar

CoStar: U.S. hotel construction hits 40-quarter low

Summary:

  • U.S. hotel rooms under construction fell year over year for the ninth month, CoStar reported.
  • About 137,956 rooms were under construction in September, down 12.3 percent from 2024.
  • In September, 12,746 midscale and 4,559 economy rooms were under construction.

U.S. HOTEL ROOMS under construction fell year over year for the ninth consecutive month in September, reaching the lowest level in 40 quarters, according to CoStar. Still, more rooms are under construction now than after the Great Recession.

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