COSTAR: U.S. HOTEL PERFORMANCE SHOWS MIXED RESULTS IN FIRST WEEK OF MAY

U.S. HOTEL PERFORMANCE exhibited mixed results in the first week of May compared to the prior week, according to CoStar. Among key metrics, occupancy
declined, whereas both RevPAR and ADR saw an uptick.

Occupancy dropped to 64.4 percent for the week ending May 4, down from the previous week’s 65.7 percent, marking a 0.8 percent year-over-year decrease. ADR
rose to $159.97 from $154.44, reflecting a 1.3 percent increase compared to last year. RevPAR climbed to $103.09, up from $101.42 the prior week, indicating
a 0.5 percent increase compared to the same period in 2023.

Among the top 25 markets, Seattle reported the highest year-over-year increase in occupancy, rising by 8.1 percent to 69.4 percent. Dallas recorded the largest
increase in ADR, up 5.8 percent to $134.33.