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CoStar Insight

US hotel results exceed expectations

Occupancy hit highest since 2019, with strongest first-quarter demand on record
The Fontainebleau Las Vegas is one of the country's newest and largest resort hotels to open; resort markets turned in a strong performance in the first quarter. (CoStar)
The Fontainebleau Las Vegas is one of the country's newest and largest resort hotels to open; resort markets turned in a strong performance in the first quarter. (CoStar)
CoStar Analytics
April 27, 2026 | 7:35 P.M.

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Driven by a strong performance in March, the U.S. hotel industry ended the first quarter of 2026 with an increase of just under 4% in revenue per available room, a performance that was even stronger then the year-earlier quarter.

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