The latest STR Market Forecast report on the top 25 largest U.S. hotel markets shows that San Francisco is set for the largest ADR and RevPAR growth this year.
San Francisco hotels are set to average an 11.7% increase in ADR year-on-year and a whopping 18% RevPAR surge. Meanwhile Detroit and Tampa, Florida hotels are set to receive the largest year-on-year gains in occupancy at 8%.
The STR Market Forecast, produced jointly with Tourism Economics, is released quarterly.