CoStar: U.S. hotel metrics dip for week ending May 10

U.S. HOTEL METRICS declined for the week ending May 10, hitting weekly and yearly lows, according to CoStar. Philadelphia led the top 25 markets in year-over-year occupancy and RevPAR growth.

Occupancy fell to 64.6 percent for the week ending May 10, down from 65.8 percent the prior week and 2.3 percent below the comparable week in 2024. ADR decreased to $162.57 from $164.33, a 0.7 percent year-over-year drop. RevPAR dipped to $105.08 from $108.06, down 3 percent year over year.

Among the top 25 markets, Philadelphia posted the highest year-over-year occupancy increase, up 10.9 percent to 73 percent, while RevPAR rose 18.5 percent to $119.68. Meanwhile, Boston saw the largest ADR gain, up 10.2 percent to $275.21.

San Francisco/San Mateo recorded the steepest ADR drop, down 29.5 percent to $221.05, while RevPAR fell 33.9 percent to $164.07 due to the RSA Conference calendar shift. New Orleans posted the largest occupancy decline, down 10.8 percent to 60.6 percent.