U.S. hotel performance for January 2024

The U.S. hotel industry reported lower performance results month over month, according to January 2024 data from CoStar

Feb 21, 2024

January 2024 (percentage change from January 2023):

  • Occupancy: 51.9% (-1.7%)
  • Average daily rate (ADR): US$146.33 (+2.7%)
  • Revenue per available room (RevPAR): US$75.99 (+0.9%)

Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (79.0%), which was up 6.2% year over year.

Markets with the lowest occupancy for the month included Minneapolis (40.7%) and St. Louis (43.7%).

The Top 25 Markets showed higher occupancy and ADR than all other markets.

Get the full story at STR

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