The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data.
For the week of Aug. 17-23 (percentage change from comparable week in 2024):
- Occupancy: 65.4 percent (-1.1 percent)
- Average daily rate: $155.09 (-0.2 percent)
- Revenue per available room: $101.38 (-1.3 percent)
Top Markets
Among CoStar's top 25 markets, Houston recorded the steepest declines in occupancy (-29.3 percent to 53.7 percent) and RevPAR (-38.1 percent to $58.43) for the second week in a row. The decreases are largely due to the elevated displacement demand period that followed Hurricane Beryl in 2024.
Chicago reported the largest drop in ADR (-22.3 percent to $167.40) and the second-steepest decrease in RevPAR (-19.9 percent to $125.14), due to a comparison against the Democratic National Convention in 2024.