ARLINGTON, Va. – The U.S. hotel industry reported negative year-over-year comparisons, according to CoStarThe latest data from through the 26th of July. CoStar, a leading online provider of information and analytics on the real estate markets, is an industry leader in providing online real estate marketplaces.
20-26 July 2020 (percentage change compared to the comparable week in 2024).
- Occupancy: 71.5% (-0.7%)
- Average daily rate: US$164.88
- Revenue per available room (RevPAR): US$117.88 (-0.8%)
Top 25 markets in the world St. Louis The highest occupancy increase (+5,7% to 70%) was reported by the hotel.
Houston The steepest declines were recorded in the three key performance indicators: occupancy (-19.7% – 61.1%), average daily rate (ADR) (-7.7% – US$117.02), and RevPAR -25.9% – US$71.54. The declines are due to a high displacement demand following Hurricane Beryl.
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Additional Performance Data
CoStar’s global hotel performance sample includes more than 90 000 properties and 11,8 million rooms. For additional information, members of the media can contact the following contacts.
CoStar Group, Inc.
CoStar Group is a leader in online real estate marketplaces and information. It also provides analytics for the property market. CoStar Group was founded in 1987 and conducts ongoing, extensive research to create and maintain the most comprehensive and largest database of real-estate information. CoStar is a global leader in information and analytics about commercial real estate. Its clients can analyze and interpret the data to get a unique insight into market conditions, property values and available properties. Apartments.com provides property owners and managers with a platform that is proven to help them market their apartments. LoopNet has thirteen million monthly unique visitors on average. STR offers premium data benchmarking and analytics for the global hospitality sector. Ten-X is a leading platform to conduct commercial real estate auctions online and negotiated bidding. Homes.com, the fastest-growing online residential marketplace, connects buyers, sellers, and agents. OnTheMarket is the leading residential property portal for the United Kingdom. BureauxLocaux, one of France’s largest property portals, is a specialized site for purchasing and leasing commercial properties. Business Immo, France’s most popular commercial real estate news source. Thomas Daily is Germany’s largest online real estate data pool. Belbex offers the largest selection of commercial spaces for sale and to rent in Spain. CoStar Group’s websites attracted 163 million unique monthly visitors, on average, in the third-quarter of 2024. CoStar Group, with its headquarters in Washington, DC, maintains offices all over the U.S., Europe, Canada, Asia, as well as Canada. CoStarGroup.com will be used as a medium to distribute material company information. For more information visit CoStarGroup.com.
This news release contains forward-looking statements. These include, but are not limited to, statements about CoStar’s expectations or beliefs for the future. These statements are made based on current opinions and are subjected to a number of risks and uncertainties which could lead to actual results differing materially from the statements. Among other factors, the following could contribute or cause such differences: The risk that future events media will not lead to an increase in future rates of occupancy. For more information on potential factors that may cause results to be materially different from those predicted in forward-looking statements, please refer to CoStar’s filings made with the Securities and Exchange Commission. These include CoStar’s Annual Report Form 10-K for year ended December 31 2023 and the Forms 10-Q filed for quarterly periods ending March 31, 2024 and June 30, 2024 and September 30, 202023. CoStar has made all forward-looking claims based on the information it had at that time. CoStar does not assume any obligation to revise or update these statements as a result new information or future events.
Haley Luther
Senior Communications Manager
+1 (216) 278 0627
STR
