U.S. Hotel Performance Trends: Occupancy, ADR & RevPAR Insights
U.S. HOTEL PERFORMANCE showed mixed results for the week ending March 8, according to CoStar. Occupancy declined from the previous week, while ADR and RevPAR rose slightly, but year-over-year metrics remained subdued.
Occupancy fell to 62.4 percent for the week ending March 8, down from 62.8 percent the previous week and 1.4 percentage points lower year over year. ADR rose to $160.53 from $159.26 the prior week, remaining 2.1 percent higher than the same week last year. RevPAR edged up to $100.11 from $100.06, a 0.6 percent increase from the same period in 2023.
Among the top 25 markets, Chicago recorded the highest occupancy increase, rising 9.5 percent to 60.7 percent. Boosted by Natural Products Expo West, Anaheim saw the largest gains in ADR, up 25.8 percent to $249.02, and RevPAR, up 35.8 percent to $188.97.
Helped by Mardi Gras, New Orleans reported the second-highest gains in ADR, up 20.5 percent to $224.46, and RevPAR, up 17.2 percent to $162.86. However, occupancy declined 2.7 percent to 72.6 percent.
Minneapolis saw the steepest RevPAR decline, down 31 percent to $62.77, followed by San Diego, which fell 23.7 percent to $127.21.
