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The U.S. hotel industry reported lower performance results than the previous week and mixed comparisons year-over-year (YOY), according to CoStar’s latest data through July 27.
July 21-27 (percentage change from comparable week in 2023):
Occupancy: 72.0% (-0.4%)
ADR: $164.45 (+1.3%)
RevPAR: $118.37 (+0.9%)
Among the top 25 markets, New Orleans saw the highest YOY occupancy increase (+16.9% to 66.7%).
San Diego posted the largest lift in ADR (+12.0% to $294.80).
The steepest RevPAR decline was seen in Nashville (-24.2% to $128.78), due to a comparison against George Strait concert dates (July 28-29, 2023).
The post U.S. hotel results for week ending July 27 appeared first on hotelbusiness.com.
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