- CoStar: Occupancy rose to 67.7 percent for the week ending March 21, up from 65.7 percent the prior week.
- Denver led gains with occupancy at 73.2 percent and RevPAR at $104.94.
- 18 of the top 25 markets reported higher RevPAR.
U.S. HOTEL PERFORMANCE continued its upward trajectory in the week ending March 21, posting both week-over-week and year-over-year gains, according to CoStar. Notably, 18 of the top 25 markets recorded an increase in RevPAR.
Occupancy increased to 67.7 percent for the week ending March 21, up from 65.7 percent the prior week and 2.7 percent year over year. ADR rose to $169.02 from $167.97, a 2.2 percent annual gain. RevPAR climbed to $114.44 from $110.29, up 4.9 percent year over year.
Among the top 25 markets, Denver posted the largest gains, with occupancy rising 19.1 percent to 73.2 percent and RevPAR jumping 30.7 percent to $104.94, driven in part by the APS Global Physics Summit.
St. Louis, a March Madness host, recorded the highest ADR gain, rising 15.5 percent to $137.38, along with the second-largest increase in RevPAR, up 29.6 percent to $99.13.
