US hotels report mixed performance in September

Among the top 25 markets, New York City experienced the highest occupancy level (87.0%), driven by the United Nations General Assembly, Fashion Week, and the U.S. Open

Oct 22, 2024

The U.S. hotel industry reported mixed performance results from the previous month, according to September 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

September 2024 (percentage change from September 2023):

• Occupancy: 64.6% (-2.5%)
• Average daily rate (ADR): $162.63 (+1.2%)
• Revenue per available room (RevPAR): $105.04 (-1.3%)

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