CoStar: U.S. hotel performance displays mixed results in third week of April

Philadelphia's occupancy rose 14.3 percent to 72.1 percent, RevPAR up 23.2 percent to $114.11

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U.S. hotel performance April
Occupancy increased to 66.8 percent for the week ending April 20, up from the previous week's 65.8 percent, despite a 0.3 percent year-over-year decline, according to CoStar. ADR decreased to $158.60 from $160.20, a 1.5 percent increase compared to last year. RevPAR rose to $105.94 from $105.48 the previous week, a 1.2 percent increase from the same period in 2023.

U.S. HOTEL PERFORMANCE exhibited mixed results in the third week of April compared to the previous week, according to CoStar. Key metrics such as occupancy and ADR saw slight increases, while RevPAR declined from the preceding week.

Occupancy rose to 66.8 percent for the week ending April 20, up from the previous week’s 65.8 percent, but marked a 0.3 percent year-over-year decrease. ADR dropped to $158.60 from $160.20, a 1.5 percent increase compared to last year. RevPAR climbed to $105.94 from $105.48 the prior week, showing a 1.2 percent rise compared to the same period in 2023.

Among the top 25 markets, Philadelphia saw the most significant year-over-year occupancy surge, soaring by 14.3 percent to reach 72.1 percent, while RevPAR also notably increased by 23.2 percent to $114.11.

Washington, D.C., registered the sole double-digit increase in ADR, climbing by 10 percent to $226.25. The steepest RevPAR declines occurred in Chicago, dropping by 16.2 percent to $105.97, and San Francisco, declining by 9.7 percent to $123.76.