COSTAR: U.S. HOTEL PERFORMANCE UP IN SECOND WEEK OF JUNE WITH MIXED YOY RESULTS

U.S. HOTEL PERFORMANCE improved in the second week of June compared to the previous week, showing mixed year-over-year results, according to CoStar. All key
metrics, including occupancy, RevPAR and ADR, increased compared to the prior week.

Occupancy rose to 70.3 percent for the week ending June 15, up from 69.1 percent the previous week, despite a slight 0.6 percent year-over-year decrease. ADR
increased to $161.70 from $160.90, a 0.9 percent rise compared to last year. RevPAR increased to $113.62 from $111.26 the previous week, marking a 0.3 percent
increase compared to the same period in 2023.

Among the top 25 markets, San Francisco recorded the highest year-over-year increases: occupancy rose 14.8 percent to 71.1 percent, ADR increased 11.3 percent
to $226.70, and RevPAR grew 30.3 percent to $179.97. The market’s performance was boosted by the Data + AI Summit.