Summary:
- Occupancy and RevPAR rose, while ADR dipped slightly during the week ending June 28, according to CoStar.
- Philadelphia led the top 25 markets with the highest year-over-year gains across all key metrics.
- Las Vegas saw the steepest declines in ADR and RevPAR.
U.S. HOTEL PERFORMANCE was mixed for the week ending June 28, according to CoStar. Occupancy and RevPAR rose from the previous week, while ADR dipped slightly and year-over-year metrics remained lower.
Occupancy rose to 71.9 percent for the week ending June 28, up from 70.5 percent the previous week, but 0.1 percent below the same week last year. ADR edged down to $163.30 from $163.77, flat year over year. RevPAR increased to $117.45 from $115.39, reflecting a 0.1 percent decline from last year.
Among the top 25 markets, Philadelphia posted the highest year-over-year gains in all key performance metrics: occupancy rose 10.7 percent to 80 percent, ADR increased 14.5 percent to $173.43 and RevPAR climbed 26.7 percent to $138.66.
Las Vegas reported the largest declines in ADR and RevPAR, with ADR down 10.5 percent to $172.28 and RevPAR falling 2.5 percent to $122.22.
