The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through July 19.
July 13-19 (percentage change from comparable week in 2024):
- Occupancy: 71.6 percent (-2.6 percent)
- Average daily rate: $165.49 (-0.7 percent)
- Revenue per available room: $118.54 (-3.3 percent)
Among the Top 25 Markets, San Francisco reported the highest occupancy lift (+7.8 percent to 77.2 percent).
Houston recorded the steepest declines in each of the three key performance metrics: occupancy (-27.6 percent to 59.6 percent), ADR (-14.7 percent to $115.94) and RevPAR (-38.3 percent to $69.07). The decreases are largely due to the elevated displacement demand period that followed Hurricane Beryl in 2024.
Las Vegas registered the second-largest drops in occupancy (-11.9 percent to 74.3%) and RevPAR (-17.1 percent to $142.62).