As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar's latest data through 27 April.
Revenue per available room (RevPAR) fell 2.2% year over year (YoY) in March, marking the first such decline since February 2021.
U.S. hotel performance showed mixed results from the previous week, according to CoStar's latest data through 20 April.
The Top 25 Markets showed higher occupancy and ADR than all other markets.
Our clients typically want to understand the current and past trends of the lodging industry and how it may impact their project or its ownership structure and overall financial performance. To this point, Grey Hospitality has collected industry data on the past few years and placed in this addenda items to our research.
Helped by the total solar eclipse, U.S. hotel performance increased from the previous week, according to CoStar's latest data through 13 April.
January's total revenue growth of 3.0% failed to offset the 220-basis point contraction in margins, causing a 5.7% decrease in GOP dollars as labor costs from rising wages continued to pressure operating profit.
U.S. hotel performance showed mixed results from the previous week but positive comparisons year over year, according to CoStar’s latest data through 6 April.
As expected ahead of the Easter holiday, U.S. hotel performance decreased from the previous week, according to CoStar's latest data through 30 March.
U.S. hotel performance decreased from the previous week but showed positive comparisons year over year, according to CoStar's latest data through 23 March.