Fri Sep 20 08:43:04 UTC 2024: ## US Hotel Industry Sees Mixed Results in Latest Week: San Diego Leads in Occupancy, Chicago in ADR
**[City, State] – September 17, 2024** – While the US hotel industry experienced mostly negative year-over-year comparisons in the week ending September 14, 2024, some markets bucked the trend, according to data released by CoStar Group, a leading provider of real estate information and analytics.
San Diego led the pack with a significant 10.5% increase in occupancy compared to the same week in 2023, reaching 79.9% occupancy. Chicago, on the other hand, boasted the largest increase in Average Daily Rate (ADR), rising 15.5% to US$216.57.
However, the steepest decline in Revenue Per Available Room (RevPAR) was observed in San Francisco, falling 37.2% to US$171.26. This decline is likely attributed to the comparison against the week of Dreamforce 2023, a major tech conference that significantly boosted occupancy last year.
Overall, the US hotel industry is displaying mixed results in the latest week, highlighting the ongoing challenges and opportunities across different markets.
First Piper 