- CoStar: Occupancy 66.8 percent, down from 67.7 percent the prior week.
- 18 of the top 25 markets reported RevPAR gains.
- San Francisco posted the largest YoY gains across key metrics.
U.S. HOTEL PERFORMANCE was mixed for the last full week of March, according to CoStar. Occupancy and RevPAR fell, while ADR rose and year-over-year metrics increased.
Overall, 18 of the top 25 markets reported RevPAR gains.
Occupancy was 66.8 percent for the week ending March 28, down from 67.7 percent the prior week and 2.8 percent higher year over year. ADR increased to $170.30 from $169.02, a 5.4 percent annual gain. RevPAR was $113.81, down from $114.44 week over week and 8.3 percent higher year over year.
Among the top 25 markets, San Francisco posted the largest year-over-year gains across all key metrics, with occupancy up 26.5 percent to 83.6 percent, ADR rose 74.8 percent to $339.47 and RevPAR increased 121.1 percent to $283.76, driven by the 35th annual RSA Conference.
Denver, host of the American Academy of Dermatology Annual Meeting, posted the second-largest gains, with occupancy rising 20.2 percent to 71.1 percent, ADR increasing 23.5 percent to $158.39 and RevPAR climbing 48.5 percent to $112.56.
