Memorial Day and Events Drive Year-over-year Gains for U.S. Hotels During Week Ending 23 May :: Hospitality Trends

Data from CoStar show the U.S. hotel industry recorded year-over-year increases in key performance metrics for the week ending May 23, 2026, supported by Memorial Day weekend and major events in several markets.

National occupancy reached 67.9%, up 0.8% from the comparable week in 2025. Average daily rate (ADR) rose 3.7% to $171.04, and revenue per available room (RevPAR) increased 4.6% to $116.20.

Among the Top 25 Markets, Tampa posted the highest gains across all three metrics, with occupancy up 15.4% to 77.0%, ADR up 22.9% to $207.96, and RevPAR up 41.9% to $160.07. Tampa’s performance was supported by SOF Week.

Las Vegas reported the second-largest increases in ADR, up 19.6% to $287.59, and RevPAR, up 25.7% to $241.57, driven by events including ICSC Las Vegas, Licensing Expo, and two BTS concert nights.

Boston saw the largest declines in ADR, down 5.4% to $267.34, and RevPAR, down 14.7% to $204.10. St. Louis experienced the steepest drop in occupancy, down 12.0% to 67.2%.