For December, U.S. hotels reported mixed performance results from the previous month, according to CoStar.
December 2024 (percentage change from December 2023):
- Occupancy: 53.2 percent (+1.1 percent)
- Average daily rate: $156.67 (+3.3 percent)
- Revenue per available room: $83.30 (+4.4 percent)
In comparison, the numbers for November were:
- Occupancy: 59.4 percent
- ADR: $152.70
- RevPAR: $90.66
Top Markets
Among CoStar’s top 25 markets, hotels in New York City reported the highest occupancy level (+1.4 percent to 87.9 percent).
Markets with the lowest occupancy for the month included Minneapolis (46.1 percent) and Detroit (47.5 percent).
The top 25 markets showed higher occupancy and ADR than all other markets.