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 4 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
29 December 2024 through 4 January 2025 (percentage change from comparable week in 2023 and 2024):
- Occupancy: 48.3% (+2.9%)
- Average daily rate (ADR): US$168.90 (+11.7%)
- Revenue per available room (RevPAR): US$81.53 (+14.9%)
Among the Top 25 Markets, Tampa reported the largest year-over-year occupancy increase (+29.7% to 77.5%).
New York City posted the highest lifts in ADR (+30.7% to US$340.79) and RevPAR (+48.4% to US$283.03).
The steepest RevPAR declines were reported in St. Louis (-26.0% to US$36.02) and Seattle (-18.4% to US$54.23).
For more information about the company and its products and services, please visit www.costargroup.com.
Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 85,000 properties and 11 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
ABOUT COSTAR GROUP, INC.
CoStar Group is a leading provider of online real estate marketplaces, information, and analytics in the property markets. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
