Fri Sep 20 09:11:12 UTC 2024: ## U.S. Hotel Industry Shows Mixed Results in August 2024
**New York City Leads the Way with Highest Occupancy**
The U.S. hotel industry saw a slight dip in performance compared to the previous month, but continued to show positive year-over-year growth, according to August 2024 data released by CoStar, a leading provider of real estate information and analytics.
While the overall industry experienced a decline from July, New York City stood out with the highest occupancy level at 87.3%, representing a 5.2% increase from the previous year. Conversely, New Orleans and Phoenix recorded the lowest occupancies at 54.1% and 58.4%, respectively.
The Top 25 Markets, which include major metropolitan areas, consistently outperformed other markets in terms of both occupancy and Average Daily Rate (ADR).
CoStar’s comprehensive data is drawn from a sample of 85,000 properties and 11 million rooms globally. For further details and data requests, media outlets are encouraged to contact the contacts listed on CoStar’s website, http://www.costargroup.com.
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