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U.S. Hotels Log Weekly Gains as San Francisco, Denver Surge on Major Events

The latest CoStar data show recovery tied to large conferences rather than broad-based strength.

Overview

  • For the week ending March 28, U.S. hotels posted 66.8% occupancy with an average daily rate of $170.30 and RevPAR of $113.81, each higher than a year ago.
  • San Francisco led the Top 25 markets as the RSA Conference lifted occupancy to 83.6%, pushed ADR to $339.47, and drove RevPAR up 121.1% to $283.76.
  • Denver recorded the second-strongest gains as the American Academy of Dermatology meeting raised occupancy to 71.1%, ADR to $158.39, and RevPAR to $112.56.
  • Eighteen of the Top 25 markets saw year-over-year RevPAR growth for the week, signaling improvement that concentrates where major events draw travelers.
  • February’s national results also improved year over year, while New Orleans fell sharply due to lapping last year’s Super Bowl, underscoring how event timing skews comparisons.