The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through May 2.
For the week of April 26 through May 2 (percentage change from comparable week in 2025):
- Occupancy: 66.5 percent (+1.2 percent)
- Average daily rate: $167.83 (+2.0 percent)
- Revenue per available room: $111.59 (+3.2 percent)
Top Markets
Among the Top 25 Markets, Tampa recorded the largest occupancy increase (+14.4 percent to 76.9 percent).
Helped by the Miami Grand Prix, Miami posted the highest ADR gain (+16.6 percent to $335.90).
Las Vegas reported the largest jump in RevPAR (+29.0 percent to $162.01) on the second-highest increases in occupancy (+12.7 percent to 79.9 percent) and ADR (+14.5 percent to $202.87). The market’s performance was lifted by the Phish residency, and the two-night Morgan Wallen show.
San Francisco registered the steepest declines in ADR (-28.2 percent to $234.96) and RevPAR (-31.2 percent to $184.43), due to the RSA Conference calendar shift.