- Occupancy fell for the week of Sept. 5.
- Minneapolis sees largest occupancy, RevPAR gains.
- Labor Day shift accelerated YOY growth.
U.S. HOTELS POSTED mixed weekly metrics but rose year over year for the week ended Sept. 5, according to CoStar. Year-over-year growth accelerated from the previous week, partly because of a shift in the Labor Day calendar.
Occupancy fell to 63 percent for the week ended Sept. 5 from 64.1 percent the previous week but rose 9.4 percent year over year. ADR rose to $159.19 from $157.14, up 6.1 percent year over year. RevPAR fell to $100.31 from $100.69 but rose 16.1 percent year over year.
Among the top 25 markets, Minneapolis posted the largest gains in occupancy and RevPAR: occupancy rose 23.2 percent to 64.9 percent, and RevPAR increased 35.7 percent to $87.52.
Las Vegas posted the largest ADR increase, up 24.8 percent to $202.85.
St. Louis posted the largest declines across the three metrics: occupancy fell 7.4 percent to 57.7 percent, ADR fell 4.7 percent to $123.10, and RevPAR fell 11.8 percent to $71.01.
