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CoStar: U.S. ADR and RevPAR Growth Slowed to 2020 Rate in 2024
WASHINGTON—The U.S. hotel industry reported record-high average daily rate (ADR) and revenue per available room (RevPAR), but the country’s growth rate was its lowest since the declines of 2020, according to CoStar’s 2024 year-end data. U.S. Hotel Performance 2024 (Percentage change from 2023): Occupancy: 63 percent (flat) ADR: $158.67 (up 1.7 percent) RevPAR: $99.94 (up 1.8 percent) Among the Top 25 Markets, New York City experienced the highest occupancy level (up 3.3 percent to 84.3 […] The post CoStar: U.S. ADR and RevPAR Growth Slowed to 2020 Rate in 2024 appeared first on LODGING Magazine.
WASHINGTON—The U.S. hotel industry reported record-high average daily rate (ADR) and revenue per available room (RevPAR), but the country’s growth rate was its lowest since the declines of 2020, according to CoStar’s 2024 year-end data. U.S. Hotel Performance 2024 (Percentage change from 2023): Occupancy: 63 percent (flat) ADR: $158.67 (up 1.7 percent) RevPAR: $99.94 (up 1.8 percent) Among the Top 25 Markets, New York City experienced the highest occupancy level (up 3.3 percent to 84.3 […]
The post CoStar: U.S. ADR and RevPAR Growth Slowed to 2020 Rate in 2024 appeared first on LODGING Magazine.
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