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Event Weeks Drive Short-Term Revenue Gains at U.S. Hotels, CoStar Shows

Weekly CoStar data point to strong rate and revenue lifts in top markets that likely reflect one-off event demand rather than a sustained recovery.

Overview

  • CoStar’s weekly snapshot for June 7–13 shows U.S. hotels with a 7.0% rise in revenue per available room driven by higher room rates and modest occupancy gains.
  • National occupancy was 69.9% and average daily rate was $172.04, with ADR up 4.9% and RevPAR up 7.0% versus the comparable week.
  • New York City led gains with ADR rising 17.1% to $399.15 and RevPAR up 18.9% as NBA Finals games and a World Cup match boosted demand in the market.
  • Los Angeles posted the second-largest ADR increase to $234.02 linked to a U.S. World Cup match and Detroit saw the biggest Top‑25 occupancy jump to 71.0%.
  • Industry participants warn these weekly figures are highly sensitive to single-event calendars and operators remain cautious about sustaining full-year revenue targets.