THE MARTIN LUTHER King Jr. Day calendar shift impacted U.S. hotel performance upward in the third week of January, boosting weekly and year-over-year metrics like occupancy, ADR and RevPAR, according to CoStar. San Francisco led the top 25 markets with the largest gains in all three key metrics.
Occupancy increased to 55.8 percent for the week ending Jan. 18, up from 49.2 percent the previous week, reflecting a 6.7 percent year-over-year increase. ADR came in at $155.81 from $144.03, marking a 10 percent rise compared to the same period last year. RevPAR grew to $86.93 from $70.92, a 17.4 percent year-over-year increase.
San Francisco led the top 25 markets in year-over-year growth, driven by the J.P. Morgan Healthcare Conference. Occupancy rose 35.9 percent to 71.2 percent, ADR surged 230 percent to $625.98, and RevPAR jumped 348.3 percent to $445.85.
Ahead of the presidential inauguration, Washington, D.C., recorded the second-highest ADR and RevPAR increases, with ADR up 52.8 percent to $221.62 and RevPAR climbing 83.9 percent to $131.16.
Dallas experienced the steepest RevPAR decline, down 4.7 percent to $78.50, followed by Oahu, which dropped 1.7 percent to $217.99.
