Overview
- CoStar’s latest weekly read shows year-over-year increases in occupancy, average daily rate (the price paid for rooms), and revenue per available room (a mix of price and how full hotels are).
- Las Vegas led growth with RevPAR up 29.0% to $162.01, supported by higher occupancy and rates boosted by a Phish residency and two Morgan Wallen shows.
- Miami recorded the biggest jump in room prices, with ADR up 16.6% to $335.90 tied to the Miami Grand Prix.
- Tampa posted the largest occupancy gain among major markets, up 14.4% to 76.9%.
- Results also moved the other way, as San Francisco declined after the RSA cybersecurity conference shifted weeks, underscoring how single-week figures can swing with event calendars.