- Occupancy rose to 70.6 percent for the week of Oct. 10.
- San Francisco led YoY gains.
- RevPAR rose in 17 of the top 25 markets.
HOTEL METRICS IMPROVED in the week ended October 10 from the previous week and a year earlier, according to CoStar. RevPAR increased in 17 of the top 25 markets.
Occupancy rose to 70.6 percent for the week ended Oct. 10, up from 67.2 percent the previous week and 2.3 percent year over year. ADR increased to $179.58, up from $172.38 the previous week and 4.1 percent year over year. RevPAR rose to $126.79, up from $115.84 the previous week and 6.5 percent year over year.
Among the top 25 markets, San Francisco recorded the largest year-over-year gains. Occupancy rose 10.6 percent to 88.5 percent, ADR increased 18.5 percent to $274.02 and RevPAR rose 31.1 percent to $242.53. Tech Week and Fleet Week drove the gains.
Chicago recorded the second-largest occupancy gain, up 6.8 percent to 82.7 percent. RevPAR increased 21.1 percent to $210.18, driven mainly by the APTA TRANSform & EXPO and the ACEP Scientific Assembly.
