Overview
- CoStar said U.S. hotels logged 60.6% occupancy, a $160.21 average daily rate, and $97.02 in revenue per available room.
- Compared with the same week last year, occupancy fell 5.0%, RevPAR dropped 5.1%, and room rates were essentially flat at down 0.1%.
- CoStar linked the weaker results to Easter landing in a different week, which shifted leisure travel and large events.
- Anaheim posted the strongest gains, with occupancy up 12.5% to 75.5% and RevPAR up 25.8% to $164.96.
- Miami led price growth with ADR up 24.7% to $325.48, while Las Vegas saw the sharpest RevPAR decline at $123.89 and New Orleans fell 23.2% as 20 of the top 25 markets declined.