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STR: U.S. hotel occupancy improves in fifth week of April

Phoenix saw the highest occupancy increase over 2019

STR: U.S. hotel occupancy improves in fifth week of April

Occupancy was 66.6 percent for the week ending April 30, up from 65.8 percent the week before and down 3.4 percent from 2019. ADR was $146.67 for the week, down from $148.35 the week before and up 10.2 percent from three years ago. RevPAR reached $97.72 during the week, slightly up from $97.66 the week before and rose 6.4 percent from 2019.

Among STR's top 25 markets, Phoenix saw the highest occupancy increase, up 5.5 percent to 75.9 percent, over 2019. Minneapolis experienced the largest occupancy decrease, down 23.8 percent to 55.1 percent, from 2019.


The steepest RevPAR deficits were in Boston, dipped 30 percent to $128.27, followed by Minneapolis, decreased 28.5 percent to $64.23, when compared to three years ago.

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U.S. Hotel Construction Drops to 40-Quarter Low: CoStar

CoStar: U.S. hotel construction hits 40-quarter low

Summary:

  • U.S. hotel rooms under construction fell year over year for the ninth month, CoStar reported.
  • About 137,956 rooms were under construction in September, down 12.3 percent from 2024.
  • In September, 12,746 midscale and 4,559 economy rooms were under construction.

U.S. HOTEL ROOMS under construction fell year over year for the ninth consecutive month in September, reaching the lowest level in 40 quarters, according to CoStar. Still, more rooms are under construction now than after the Great Recession.

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