U.S. Hotel Performance for December 2024
WASHINGTON – 24 January2025 – The U.S. hotel industry reported mixed performance results from the previous month, according to December 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
December 2024 (percentage change from December 2023):
- Occupancy: 53.2% (+1.1%)
- Average daily rate (ADR): US$156.67 (+3.3%)
- Revenue per available room (RevPAR): US$83.30 (+4.4%)
Among the Top 25 Markets, New York City experienced the highest occupancy level (+1.4% to 87.9%).
Markets with the lowest occupancy for the month included Minneapolis (46.1%) and Detroit (47.5%).
The Top 25 Markets showed higher occupancy and ADR than all other markets.
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.
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