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CoStar: U.S. hotel performance improves in last week of June

Minneapolis saw substantial year-over-year increases in occupancy, ADR and RevPAR

CoStar: U.S. hotel performance improves in last week of June
Costar Hotel Report :

U.S. HOTEL PERFORMANCE improved in the fourth week of June compared to the previous week, showing positive year-over-year results, according to CoStar. Occupancy, RevPAR and ADR all increased over the prior week.

Occupancy increased to 71.9 percent for the week ending June 29, up from 69.5 percent the previous week, showing a 3.2 percent year-over-year increase. ADR rose to $162.81 from $159.88, marking a 3.6 percent increase compared to last year. RevPAR climbed to $117.13 from $111.17 the previous week, reflecting a 6.9 percent decrease compared to the same period in 2023.


Among the top 25 markets, Minneapolis recorded the highest year-over-year increases: occupancy rose by 20.1 percent to 74.8 percent, ADR increased by 15.7 percent to $150.42 and RevPAR grew by 39 percent to $112.46. The market's performance was boosted by events such as the U.S. Olympic Gymnastics Trials and the Twin Cities Pride Parade.

The steepest RevPAR declines were seen in New Orleans, down by 30.6 percent to $82.54; Denver, down by 8.2 percent to $159; and Philadelphia, which declined by 8.2 percent to $110.22.

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D.C. minimum wage ballot initiative
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D.C. ballot initiative aims to raise minimum wage

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  • D.C. workers are backing a 2026 ballot initiative to raise the minimum wage to $25.
  • It would raise all workers’ wages while eliminating the tip credit.
  • Councilmember Janeese Lewis George opposed the wage amendment.

WORKERS ARE SEEKING higher pay from District of Columbia officials in a November 2026 ballot initiative to raise the minimum wage to $25 by July 1, 2029. The initiative would phase in the increase for all workers, including hotel workers, and eliminate the tip credit.

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