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U.S. HOTEL PERFORMANCE declined in the third week of December compared to the previous week, according to CoStar. However, year-over-year comparisons were positive due to the Hanukkah calendar shift and a shortened business travel period between Thanksgiving and Christmas. Occupancy, RevPAR and ADR all saw week-over-week decreases. Occupancy fell to 48.9 percent for the week ending Dec. 21, down from 59.5 percent the previous week but up 11.4 percent year-over-year. ADR declined to $135.79 from $155.21, reflecting a 2.7 percent year-over-year increase. RevPAR dropped to $66.36 from $92.32 week-over-week but showed a 14.3 percent gain compared to the same period in 2023. Tampa, driven partly by hurricane recovery demand, led year-over-year growth among the top 25 markets, with occupancy up 37.9 percent to 71.5 percent and RevPAR up 63.8 percent to $110.51. New York City recorded the highest ADR increase, up 20.1 percent to $351.39.

U.S. HOTEL PERFORMANCE showed mixed results in the second week of December compared to the previous week, according to CoStar. However, the industry reported positive year-over-year growth across key metrics, driven by the Hanukkah calendar shift and a shorter business travel window between Thanksgiving and Christmas. Occupancy rose to 59.5 percent for the week ending Dec. 14, up from 59 percent the previous week and 8.5 percent higher year-over-year. ADR dropped to $155.21 from $159.77 the prior week but was up 8.9 percent compared to the same week last year. RevPAR fell to $92.32 from $94.31, yet showed an 18.2 percent year-over-year increase. Among the top 25 markets, Tampa recorded the highest year-over-year occupancy growth, rising 33.3 percent to 84.7 percent. New York City reported the largest ADR increase, up 30.1 percent to $510.13.