CoStar and Tourism Economics upgraded their 2026 U.S. hotel forecast, with RevPAR up 2.2 ppts, driven by 8M+ additional room nights YoY through April, though expense growth will continue to pressure profit margins.
HVS forecasts full Manhattan hotel market recovery beyond 2019 levels by 2027/28, with 2025 ADR already 34% above pre-pandemic highs, though tariffs and geopolitical shifts pose short-term headwinds.
U.S. hotels posted RevPAR of $117.93 (+5.4%) for the week of 10-16 May 2026, with Orlando leading Top 25 Markets on occupancy gains and San Francisco recording the strongest ADR growth.
U.S. hotels posted strong Q1 2026 gains with ADR up 6%, RevPAR up 8.7%, and GOP margin rising 4 points, but operator forecasts for Q2-Q4 point to softer pricing and declining RevPAR.
Chicago led occupancy gains at 75.2%, while Miami's Grand Prix and Consensus conference drove the largest ADR and RevPAR increases.
Q1 2026 saw 110 U.S. hotel transactions totaling $4.6 billion, with Florida and New York accounting for 55% of deals despite geopolitical energy shocks.
CoStar reports occupancy up 1.2% to 66.5% and RevPAR up 3.2% to $111.59 for the week ending May 2, with Las Vegas leading gains at +29.0%.
March 2026 data shows U.S. hotels gained 5.9% RevPAR year-over-year, with San Francisco leading at +38.8% due to major conferences.
U.S. hotels posted 8.5% RevPAR growth for the week, with New Orleans leading at +34.3% and 21 of top 25 markets showing gains.
U.S. hotels posted 4.5% RevPAR gains through April 2026, with luxury leading growth and cap rates averaging 8.3% as transaction activity slowly improves.
CoStar reports occupancy rose 8.4% to 66.5% and RevPAR jumped 14.6% to $111.14, with 21 of the top 25 markets showing gains.
CoStar data shows U.S. hotels posted 0.4% RevPAR growth despite occupancy declining 1.1% after Easter, with Orlando leading occupancy gains and Miami ADR increases.
GTC data shows domestic luxury hotel bookings rose 20% with ADR climbing 40% as affluent Americans pivot from international to high-end U.S. destinations.
Easter calendar shift caused nationwide RevPAR to drop 5.1%, though Miami and Anaheim posted strong gains while Vegas fell 34.2%.
RevPAR increased 8.3% nationally, with San Francisco leading at 121.1% growth driven by the RSA Conference.
RevPAR increased 4.3% nationally, with San Francisco leading gains due to Super Bowl LX while New Orleans declined after hosting the previous year.
HVS reports March RevPAR up 3.9% nationally with luxury hotels leading gains, while hotel cap rates average 8.3% in Q4 as transactions remain below peak levels.
CoStar data shows U.S. RevPAR grew 5.6% year-over-year, with San Francisco leading gains at 64.4% due to the Game Developers Conference.
Las Vegas led gains with RevPAR up 90.5% driven by CONEXPO trade show, while New Orleans declined against tough Mardi Gras comparisons.
Park City leads with 19.89% pricing growth while 75% of US hotel markets saw rates decline in early 2026.