ARLINGTON, Va. – 13 February 2025 – The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 8 February. CoStar is a leading provider of online real estate marktplaces, information and analytics in the property markets.
2-8 February 2025 (percentage change from comparable week in 2024):
- Occupancy: 55.9% (-0.5%)
- Average daily rate (ADR): US$156.03 (-2.2%)
- Revenue per available room (RevPAR): US$87.22 (-2.7%)
Among the Top 25 Markets, New Orleans reported the largest increases in each of the three key performance metrics: occupancy (+13.6% to 74.2%), ADR (+107.1% to US$485.52) and RevPAR (+135.2% to US$360.46). The market’s performance was due to Super Bowl LIX.
Las Vegas, host of Super Bowl LVIII during the comparable week in 2024, saw the steepest performance declines: occupancy (-16.8% to 63.9%), ADR (-54.9% to US$183.20) and RevPAR (-62.5% to US$117.10).
For more information about the company and its products and services, please visit costargroup.com.
Additional Performance Data
CoStar’s world-leading hotel performance sample comprises more than 86,000 properties and 11 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
News Media Contact
Haley Luther
Senior Communications Manager – STR
(216) 278-0627
hluther@str.com
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, and online marketplaces. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands include STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 163 million average monthly unique visitors in the third quarter of 2024, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
0 Comments