Due to the Fourth of July, the U.S. hotel industry experienced lower performance results compared to the previous week, with mixed year-over-year comparisons, according to CoStar’s latest data through July 6th. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

For the week of June 30th through July 6th, 2024 (percentage change from the comparable week in 2023):

Occupancy: 61.3% (-0.9%)

Average daily rate (ADR): $157.27 (+0.5%)

Revenue per available room (RevPAR): $96.35 (-0.4%)

Among the Top 25 Markets, New Orleans recorded the highest year-over-year increases in each of the three key performance metrics: occupancy (+15.5% to 56.6%), ADR (+35.1% to $197.23), and RevPAR (+56.1% to $111.72).

Tags: CoStar Data,  Fourth of July, Hospitality Industry Trends