U.S. Hotel Performance Up in Early May, Led by Las Vegas and Miami

In Brief: Las Vegas, Miami, and Tampa lead U.S. hotel performance gains for the week ending May 2, 2026, while San Francisco sees declines due to event calendar shifts.

Las Vegas reported the largest jump in RevPAR, up 29.0% to $162.01 – Image Credit Unsplash+

The U.S. hotel industry reported year-over-year growth for the week ending May 2, 2026, with occupancy reaching 66.5%, a 1.2% increase from the comparable week in 2025, according to CoStar. The average daily rate (ADR) rose 2.0% to $167.83, and revenue per available room (RevPAR) increased 3.2% to $111.59.

Among the Top 25 Markets, Tampa recorded the largest occupancy increase, up 14.4% to 76.9%. Miami posted the highest ADR gain, rising 16.6% to $335.90, helped by the Miami Grand Prix.

Las Vegas reported the largest jump in RevPAR, up 29.0% to $162.01, driven by the second-highest increases in occupancy (up 12.7% to 79.9%) and ADR (up 14.5% to $202.87). The market’s performance was boosted by the Phish residency and the two-night Morgan Wallen show.

San Francisco registered the steepest declines, with ADR down 28.2% to $234.96 and RevPAR down 31.2% to $184.43, due to the RSA Conference calendar shift.