The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through May 3.
April 27 through May 3 (percentage change from comparable week in 2024):
- Occupancy: 65.8 percent (+1.8 percent)
- Average daily rate: $164.33 (+2.2% percent)
- Revenue per available room: $108.06 (+4.1 percent)
Performance growth was lifted early in the week on the positive side of the Passover calendar shift.
Among the Top 25 Markets, San Francisco saw the largest increases in each of the three key performance metrics: occupancy (+26.9 percent to 81.9 percent), ADR (+70.2 percent to $325.57) and RevPAR (+116 percent to $266.58), driven by the RSA Conference.
The steepest RevPAR declines were reported in Las Vegas (-19.1 percent to $125.67) and New Orleans (-15 percent to $134.67).