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CoStar: U.S. hotels see YOY gains in late August

Tampa led the top 25 markets with a 15.2 percent YOY occupancy rise

CoStar: U.S. hotels see YOY gains in late August

U.S. HOTEL PERFORMANCE saw year-over-year gains in late August, though occupancy, RevPAR and ADR declined from the previous week, according to CoStar. Tampa led the top 25 markets with a 15.2 percent year-over-year occupancy increase to 61.7 percent.

Occupancy dropped to 63.9 percent for the week ending Aug. 31, down from 66.1 percent the previous week but up 1.9 percent year-over-year. ADR was $153.67, slightly below the prior week’s $154.80 but 1.6 percent higher than the same week last year. RevPAR fell to $98.18 from $102.30 but was still 3.6 percent higher than the same period in 2023.


Seattle saw the largest ADR increase, up 12.5 percent to $218.08. San Francisco experienced the steepest RevPAR drop, down 22.2 percent to $122.95, followed by Oahu Island's 10.3 percent decline to $194.51.

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Sonesta & Bedside Reading Offer In-Room Digital Library
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Sonesta, Bedside offer in-room digital library

Summary:

  • Sonesta and Bedside offer guests digital access to e-books and audiobooks.
  • Guests can access 100+ titles across genres.
  • The library is updated regularly with new and trending content.

SONESTA INTERNATIONAL HOTELS Corp. and Bedside Reading offer guests digital access to e-books and audiobooks at participating Sonesta Hotels, Resorts & Cruises properties. The amenity partnership allows guests to access titles by scanning a QR code placed on bookmarks and in designated areas throughout the hotels.

The rollout begins at the following properties:

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