U.S. Hotel Industry Sees Lower Performance in Early April
THE U.S. HOTEL industry posted lower performance in the first week of April compared to the previous week, with mixed year-over-year results, according to CoStar. All metrics—occupancy, RevPAR and ADR—declined week over week.
Occupancy fell to 63.8 percent for the week ending April 5, down from 65.1 percent the previous week and 0.6 percent lower than the same week last year. ADR decreased to $160.18 from $161.65, though it rose 1.4 percent year over year. RevPAR dropped to $102.21 from $105.19 but remained 0.8 percent above the comparable period in 2023.
Among the top 25 markets, San Francisco reported the highest year-over-year occupancy increase, up 13.2 percent to 67.5 percent. Las Vegas posted the largest ADR gain, up 36.4 percent to $223.53, and the highest RevPAR increase, rising 44.6 percent to $188.76.
The steepest RevPAR declines were in Phoenix, down 18.8 percent to $150.60, and Anaheim, down 10.8 percent to $131.60.
