CoStar: Mid-May performance up despite YOY occupancy dip
Houston saw the steepest occupancy decline, down 11.3 percent to 60 percent
Occupancy rose to 67.2 percent for the week ending May 17, up from 64.6 percent the previous week, according to CoStar. ADR increased to $166.31 from $162.57 and RevPAR climbed to $111.80 from $105.08.
Vishnu Rageev R is a journalist with more than 15 years of experience in business journalism. Before joining Asian Media Group in 2022, he worked with BW Businessworld, IMAGES Group, exchange4media Group, DC Books, and Dhanam Publications in India. His coverage includes industry analysis, market trends and corporate developments, focusing on retail, real estate and hospitality. As a senior journalist with Asian Hospitality, he covers the U.S. hospitality industry. He is from Kerala, a state in South India.
U.S. HOTEL PERFORMANCE improved for the week ending May 17, though occupancy remained down year over year, according to CoStar. Detroit led the top 25 markets in year-over-year growth across all three key performance metrics.
Occupancy rose to 67.2 percent for the week ending May 17, up from 64.6 percent the previous week but down 0.4 percentage points year over year. ADR increased to $166.31 from $162.57, reflecting a 1.3 percent year-over-year gain. RevPAR climbed to $111.80 from $105.08, up 0.9 percent from the same period in 2024.
Among the top 25 markets, Detroit recorded the highest year-over-year increases in all key performance metrics: occupancy rose by 11.4 percent to 70.4 percent, ADR increased by 13.2 percent to $142.83 and RevPAR grew by 26.1 percent to $100.54.
The steepest decline in occupancy was seen in Houston, down 11.3 percent to 60 percent, while Atlanta posted the largest losses in ADR, declining 6.8 percent to $128.06, and in RevPAR, down 13.5 percent to $85.59.
U.S. hotels hit lows across all metrics in early September, CoStar reported.
Houston saw the steepest declines across all metrics.
St. Louis led in occupancy gains, while San Francisco topped RevPAR and ADR growth.
U.S. HOTEL PERFORMANCE declined for the week ending Sept. 6, reaching weekly and yearly lows, according to CoStar. Houston continues to post the sharpest declines across all key metrics, while Detroit recorded the largest ADR drop.
Occupancy fell to 57.7 percent for the week ending Sept. 6, down from 63.4 percent the previous week and 0.5 percentage points lower than the same week last year. ADR decreased to $149.52 from $155.87, a 0.2 percent decline year over year. RevPAR dropped to $86.20 from $98.88, representing a 0.7 percent decrease compared to 2024.
Among the top 25 markets, Houston recorded the steepest declines in occupancy and RevPAR, with occupancy falling 12.4 percent to 49.8 percent and RevPAR dropping 18.7 percent to $53.29. These declines largely reflect the elevated displacement demand that followed Hurricane Beryl in 2024.
Houston and Detroit registered the largest ADR decreases, each down 7.1 percent, to $106.91 and $119.90, respectively.
St. Louis posted the largest occupancy gain, rising 15.7 percent to 62.1 percent, while San Francisco reported the strongest growth in ADR, climbing 10.4 percent to $188.17 and in RevPAR, increasing 24.7 percent to $128.70.
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U.S. hotel performance showed varied results for the week ending Aug. 30.
Houston led declines in occupancy and RevPAR.
Las Vegas had the biggest ADR drop; St. Louis the largest occupancy gain.
U.S. HOTEL PERFORMANCE was mixed for the week ending Aug. 30, with occupancy and RevPAR down from the prior week and ADR edging higher, according to CoStar. Year over year, both ADR and RevPAR increased.
Occupancy dropped to 63.4 percent for the week ending Aug. 30, down from 65.4 percent the previous week and 0.8 points lower year over year. ADR rose slightly to $155.87 from $155.09, 1 percent above the same week in 2024. RevPAR fell to $98.88 from $101.38 but remained 0.2 percent higher year over year.
Among the top 25 markets, Houston saw the steepest declines in occupancy and RevPAR, with occupancy down 12 percent to 56.3 percent and RevPAR down 16.7 percent to $63.48. The pullback followed elevated displacement demand after Hurricane Beryl in 2024.
Las Vegas posted the largest ADR decline, down 6.8 percent to $184.28, while St. Louis recorded the biggest occupancy gain, up 6.9 percent to 60.7 percent.
U.S. hotel metrics fell for the week ending Aug. 23, hitting weekly and annual lows.
Occupancy dropped to 65.4 percent, down from 66.3 percent the prior week.
Houston led occupancy and RevPAR declines; Chicago posted the largest ADR drop.
U.S. HOTEL METRICS fell for the week ending Aug. 23, reaching weekly and annual lows, according to CoStar. Houston posted the largest year-over-year occupancy and RevPAR declines among the top 25 markets.
Occupancy decreased to 65.4 percent for the week ending Aug. 23, down from 66.3 percent the previous week and 1.1 percentage points lower year over year. ADR was $155.09, down from $157.51 and 0.2 percent below the same week in 2024. RevPAR fell to $101.38 from $104.50, down 1.3 percent year over year.
Among the top 25 markets, Houston recorded the steepest occupancy and RevPAR declines, with occupancy down 29.3 percent to 53.7 percent and RevPAR down 38.1 percent to $58.43. The declines were driven by elevated displacement demand following Hurricane Beryl in 2024.
Chicago reported the largest ADR drop, down 22.3 percent to $167.40 and the second-largest RevPAR decline, down 19.9 percent to $125.14, due to comparison to the Democratic National Convention in 2024.
U.S. hotel metrics declined for the week ending Aug. 16.
Seattle led top 25 markets in occupancy and RevPAR growth year over year.
Houston posted the largest occupancy and RevPAR declines.
U.S. HOTEL METRICS continued their downward trend in mid-August but were mixed year over year, according to CoStar. Seattle led the top 25 markets in occupancy and RevPAR growth compared with the same week in 2024.
Occupancy declined to 66.3 percent for the week ending Aug. 16, down from 68 percent the previous week and 0.9 percentage point lower year over year. ADR fell to $157.51 from $159.61 but was up 0.4 percent from the same week in 2024. RevPAR dropped to $104.50 from $108.47, down 0.5 percent year over year.
Among the top 25 markets, Seattle posted the highest year-over-year occupancy gain, up 7.5 percent to 83.9 percent, along with a 10.9 percent increase in RevPAR to $178.62.
Houston reported the largest declines in occupancy and RevPAR, with occupancy down 24 percent to 57.2 percent and RevPAR down 27.1 percent to $66.84. The decreases were largely due to the elevated displacement demand that followed Hurricane Beryl in 2024.
New Orleans reported the second-largest declines, with occupancy down 13.7 percent to 45 percent and RevPAR down 17.2 percent to $53.82.
U.S. hotel metrics fell for the week ending Aug. 9, hitting weekly and yearly lows.
Occupancy dropped to 68 percent from 69.5 percent the previous week.
Houston saw the sharpest decline, with occupancy down 27.5 percent to 55.3 percent.
U.S. HOTEL METRICS declined for the week ending Aug. 9, marking weekly and yearly lows, according to CoStar. San Francisco continued to lead top 25 markets in all three key performance metrics.
Occupancy declined to 68 percent for the week ending Aug. 9, from 69.5 percent the previous week and 1 percentage point lower year over year. ADR fell to $159.61 from $161, down 0.6 percent from the same week in 2024. RevPAR dropped to $108.47 from $111.90, down 1.6 percent year over year.
Among the top 25 markets, San Francisco recorded the highest year-over-year gains in all key performance metrics: occupancy rose 12.8 percent to 81.5 percent, ADR increased 8.3 percent to $210.29, and RevPAR climbed 22.2 percent to $171.38. The market’s performance was helped by the World Transplant Congress.
Houston recorded the steepest drop in occupancy, down 27.5 percent to 55.3 percent, and RevPAR, down 34.6 percent to $61.38. The decreases were due to elevated displacement demand following Hurricane Beryl in 2024.