CoStar: MLK holiday affects performance for week ending Jan. 25

U.S. HOTEL PERFORMANCE showed mixed results in the fourth week of January due to the Martin Luther King Jr. Day holiday shift, according to CoStar. Key metrics, including occupancy, ADR, and RevPAR, declined from the
previous week, while ADR rose year-over-year.

Occupancy declined to 54.3 percent for the week ending Jan. 25, from 55.8 percent the previous week, reflecting a 3.4 percent year-over-year decrease. ADR dropped to $154.21 from $155.81, also down 3.4 percent compared to
the same period last year. RevPAR fell to $83.74 from $86.93, marking a 0.2 percent year-over-year decline.

Among the top 25 markets, Los Angeles saw the highest year-over-year occupancy growth, up 6 percent to 68.7 percent.