COSTAR: U.S. HOTEL PERFORMANCE DOWN IN EARLY JUNE, YOY COMPARISONS UP

U.S. HOTEL INDUSTRY reported lower performance results in the first week of June from the previous week, according to CoStar. However, there was slightly
positive comparisons year over year. All key metrics including occupancy, RevPAR and ADR were down compared to prior week.

Occupancy declined to 62 percent for the week ending June 1, down from 67.7 percent the prior week, reflecting a 0.9 percent year-over-year increase. ADR
decreased to $150.87 from $160.67, yet still showed a 0.1 percent increase compared to last year. RevPAR stood at $93.50, a decline from the previous
week’s $108.73, but marking a 1 percent increase compared to the same period in 2023.

Among the top 25 markets, New Orleans experienced the highest year-over-year occupancy increase, rising 17.8 percent to 66.8 percent.