Home Hospitality New Year’s Holiday Shift Boosts U.S. Hotel Performance

New Year’s Holiday Shift Boosts U.S. Hotel Performance


WASHINGTON—Due to the New Year’s holiday shift, the U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through Jan. 4, 2025.

U.S. Hotel Performance
December 29, 2024-January 4, 2025
Percentage change from comparable week in 2023 and 2024
Occupancy: 48.3 percent (up 2.9 percent)
ADR: $168.90 (up 11.7 percent)
RevPAR: $81.53 (up 14.9 percent)

Among the Top 25 Markets, Tampa reported the largest year-over-year occupancy increase (up 29.7 percent to 77.5 percent).

New York City posted the highest lifts in ADR (up 30.7 percent to $340.79) and RevPAR (up 48.4 percent to $283.03).

The steepest RevPAR declines were reported in St. Louis (down 26.0 percent to $36.02) and Seattle (down 18.4 percent to $54.23).



Source link