U.S. hotel performance showed mixed results from the previous week but positive comparisons year over year, according to CoStar’s latest data through April 6.
March 31 through April 6 (percentage change from comparable week in 2023):
- Occupancy: 64.1 percent (+4.7 percent)
- Average daily rate: $156.96 (+2.1 percent)
- Revenue per available room: $100.59 (+6.9 percent)
Among the top 25 markets, Philadelphia reported the largest year-over-year occupancy lift (+17.5 percent to 66.1 percent) and the second-highest jumps in ADR (+17.3 percent to $165.11) and RevPAR (+37.8 percent to $109.10). The market’s performance was driven by WrestleMania 40.
Helped by the NCAA Men’s Final Four, Phoenix posted the largest increases in ADR (+24.8 percent to $237.38) and RevPAR (+39.7 percent to $184.07).
The steepest RevPAR declines were seen in Orlando (-7.7 percent to $163.05) and Tampa (-7.1 percent to $162.81).