Compelling Title: U.S. Hotel Industry Sees Positive Growth, Chicago Occupancy Surges
SHERIDAN, WYOMING – February 24, 2025 – SHERIDAN, WYOMING – Feb. 24, 2025 – The U.S. hotel industry demonstrated positive year-over-year (YOY) performance for the week ending February 15, according to newly released data from CoStar.1 This growth underscores the industry's resilience and ongoing recovery, with key metrics showing encouraging upward trends.
Key Performance Indicators Show Positive Growth
For the period spanning February 9-15, the U.S. hotel industry reported the following percentage changes from the comparable week in 2024:
- Occupancy: 60% (+1.2%)2
- Average Daily Rate (ADR): $164.79 (+2.2%)3
- Revenue Per Available Room (RevPAR): $98.83 (+3.4%)4
These figures indicate a healthy increase in both occupancy rates and revenue, reflecting a strong demand for hotel accommodations across the nation.