U.S. HOTEL PERFORMANCE saw year-over-year gains in late August, though occupancy, RevPAR and ADR declined from the previous week, according to CoStar. Tampa led the top 25 markets with a 15.2 percent year-over-year occupancy increase to 61.7 percent.
Occupancy dropped to 63.9 percent for the week ending Aug. 31, down from 66.1 percent the previous week but up 1.9 percent year-over-year. ADR was $153.67, slightly below the prior week’s $154.80 but 1.6 percent higher than the same week last year. RevPAR fell to $98.18 from $102.30 but was still 3.6 percent higher than the same period in 2023.
Seattle saw the largest ADR increase, up 12.5 percent to $218.08. San Francisco experienced the steepest RevPAR drop, down 22.2 percent to $122.95, followed by Oahu Island’s 10.3 percent decline to $194.51.
