Overview
- CoStar reports U.S. occupancy at 54.0% year over year, down 4.3%, with RevPAR down 4.0% to US$81.37 and ADR up 0.2% to US$150.55 for the week ending January 31.
- Nashville led occupancy growth, up 24.1% to 71.0%, as hotels discounted rooms to house residents displaced by Winter Storm Fern, driving a 13.8% drop in ADR to US$140.49.
- Minneapolis posted the strongest RevPAR increase among major markets, rising 18.9% to US$67.26.
- Las Vegas saw the sharpest declines, with occupancy down 10.4% to 69.0% and RevPAR down 14.2% to US$116.44.
- The results reflect year-over-year comparisons for a single week drawn from CoStar’s dataset covering more than 93,000 properties and 11.8 million rooms worldwide.