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CoStar: U.S. hotel performance falls in early August despite YOY gains

Houston recorded the largest year-over-year occupancy increase, rising 28.1 percent to 75.8 percent

CoStar: U.S. hotel performance falls in early August despite YOY gains

U.S. HOTEL PERFORMANCE continued to decline in the first week of August compared to the previous week, despite slightly positive year-over-year comparisons, according to CoStar. Key metrics, including occupancy, RevPAR and ADR, all fell from the prior week.

Occupancy reached 69.4 percent for the week ending Aug. 3, down from 72 percent the previous week, yet showing a 0.8 percent year-over-year increase. ADR stood at $159.63, compared to $164.45 the prior week, reflecting a 0.6 percent increase from last year. RevPAR dropped to $110.84 from $118.37 the previous week but was 1.3 percent higher compared to the same period in 2023.


Among the top 25 markets, Houston experienced the highest year-over-year increase in occupancy, up 28.1 percent to 75.8 percent, and RevPAR rose 45.7 percent to $93.88.

Houston and Philadelphia recorded the largest ADR increases, up 13.7 percent to $123.82 and $161.02, respectively. Anaheim and Los Angeles experienced the steepest RevPAR declines, dropping 12 percent to $171.55 and 10.7 percent to $158.64, 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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