In Brief: Las Vegas, Miami, and Tampa lead U.S. hotel performance gains for the week ending May 2, 2026, while San Francisco sees declines due to event calendar shifts.
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Las Vegas reported the largest jump in RevPAR, up 29.0% to $162.01 – Image Credit Unsplash+
The U.S. hotel industry reported year-over-year growth for the week ending May 2, 2026, with occupancy reaching 66.5%, a 1.2% increase from the comparable week in 2025, according to CoStar. The average daily rate (ADR) rose 2.0% to $167.83, and revenue per available room (RevPAR) increased 3.2% to $111.59.
Among the Top 25 Markets, Tampa recorded the largest occupancy increase, up 14.4% to 76.9%. Miami posted the highest ADR gain, rising 16.6% to $335.90, helped by the Miami Grand Prix.
Las Vegas reported the largest jump in RevPAR, up 29.0% to $162.01, driven by the second-highest increases in occupancy (up 12.7% to 79.9%) and ADR (up 14.5% to $202.87). The market’s performance was boosted by the Phish residency and the two-night Morgan Wallen show.
San Francisco registered the steepest declines, with ADR down 28.2% to $234.96 and RevPAR down 31.2% to $184.43, due to the RSA Conference calendar shift.
