- The U.S. hotel industry reports year-over-year growth, with occupancy at 65.8%, the average daily rate at US$164.33, and revenue per available room at US$108.06.
- San Francisco leads Top 25 Markets in key performance metrics due to RSA Conference, while Las Vegas and New Orleans report significant RevPAR declines.
Data released by CoStar shows that the U.S. hotel industry demonstrated positive year-over-year growth for the week ending 3 May.
The occupancy rate increased by 1.8% to 65.8%, while the average daily rate (ADR) increased by 2.2% to reach US$164.33. The revenue per available room (RevPAR) was reported at US$108.06, a 4.1% rise.
The early week’s performance was positively affected by the Passover calendar shift. San Francisco led the top 25 markets with significant increases in occupancy (up 26.9% to 81.9%), ADR (up 70.2% to US$325.57), and RevPAR (up 116% to US$266.58). This surge was mainly driven by the RSA Conference held in the city.
In contrast, Las Vegas and New Orleans experienced the most notable RevPAR declines, at -19.1% (US$125.67) and -15.0% (US$134.67) respectively.
