U.S. hotel performance for April 2024
The U.S. hotel industry reported mixed performance results from the previous month, but positive comparisons year over year
April 2024 (change from April 2023)
- Occupancy: 65.2% (+1.2%)
- Average daily rate (ADR): US$157.31 (+0.8%)
- Revenue per available room (RevPAR): US$102.51 (+2.0%)
Among the Top 25 Markets, New York City experienced the highest levels in each of the three key performance metrics: occupancy (+2.8% to 84.4%), ADR (+2.6% to US$298.98) and RevPAR (+5.5% to US$252.46).
Markets with the lowest occupancy for the month included Detroit (58.9%) and Minneapolis (59.3%).
Source: STR