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CoStar: U.S. hotel performance mixed in final week of June

Philadelphia logged the largest year‑over‑year gains across all key metrics

CoStar: U.S. Hotel Performance Mixed in Final June Week

Occupancy rose to 71.9 percent, up from 70.5 percent the previous week, according to CoStar. ADR edged down to $163.30 from $163.77, while RevPAR increased to $117.45 from $115.39.

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.

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CoStar Weekly & Yearly Insights: U.S. Hotel Metrics Hit Lows

CoStar: U.S. hotel metrics hit yearly, weekly lows

Summary:

  • Occupancy fell to 66.6 percent for the week ending Oct. 25, CoStar reported.
  • Tampa had the largest year-over-year drop in occupancy.
  • New Orleans recorded the largest declines in ADR and RevPAR.

U.S. HOTEL METRICS declined for the week ending Oct. 25, hitting weekly and yearly lows, according to CoStar. Overall, 21 of the top 25 markets saw a drop in occupancy.

Occupancy declined to 66.6 percent for the week ending Oct. 25, down from 68.5 percent the previous week and 3.6 percentage points lower than the same week last year. ADR decreased to $166.36 from $173.14, down 1.7 percent year over year. RevPAR slipped to $110.78 from $118.65, down 5.3 percent from the same week in 2024.

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