Skip to content

Search

Latest Stories

CoStar: U.S. hotels see YOY gains for week ending Feb. 1

Minneapolis led the top 25 markets in year-over-year growth in occupancy and RevPAR

Weekly U.S. hotels performance update
Occupancy rose to 56.5 percent for the week ending Feb. 1, up from 54.3 percent the previous week, according to CoStar. ADR fell to $150.25 from $154.21, while RevPAR increased to $84.90 from $83.74.

U.S. Hotels See Strong Year-Over-Year Growth in Occupancy & RevPAR

U.S. HOTELS SAW their performance improve for the week ending Feb. 1, with year-over-year gains, according to CoStar. ADR dipped slightly, while occupancy and RevPAR rose week over week.

Occupancy increased to 56.5 percent for the week ending Feb. 1, from 54.3 percent the previous week, marking a 2.3 percent year-over-year increase. ADR dropped to $150.25 from $154.21, while still reflecting a 1.8 percent increase compared to the same period last year. RevPAR rose to $84.90 from $83.74, a 4.1 percent year-over-year increase.


Minneapolis led the top 25 markets in year-over-year occupancy growth, up 13.6 percent to 47.4 percent, while RevPAR rose 16.7 percent to $56.67. Orlando saw the largest ADR increase, up 7.4 percent to $224.62.

Las Vegas recorded the sharpest RevPAR drop, down 15 percent to $137.63, followed by New Orleans, which fell 6.2 percent to $98.23.

More for you

U.S. Delegation Heads to New Delhi as Trade Tensions Rise
Photo courtesy of iStock.

U.S. delegations go to New Delhi amid trade uncertainty

Summary:

  • Two U.S. delegations are in New Delhi this week as a trade deal remains unresolved.
  • The meetings show both sides are maintaining communication.
  • The visits follow Russian President Vladimir Putin’s trip to India to boost economic ties.

TWO SEPARATE U.S. delegations are in New Delhi this week to meet Indian counterparts and address bilateral ties as a trade deal remains unresolved. At the same time, New Delhi is exploring trade options with other countries, including Russia.

Allison Hooker, Under Secretary of State for Political Affairs, will meet senior Indian officials from Dec. 7 to 11. A team led by Deputy U.S. Trade Rep. Rick Switzer arrives Tuesday.

Keep ReadingShow less