Investing.com -- US hotel revenue per available room increased 3.2% year-over-year for the week ending May 2, according to STR data released by Goldman Sachs on Wednesday.

The growth was driven by a 1.2% rise in occupancy and a 2.0% increase in average daily rate. Luxury properties led occupancy gains with a 1.7% year-over-year increase, followed by Upper Midscale at 1.5%. For pricing, Luxury properties also topped the category with a 2.7% year-over-year rise in average daily rate, while Upper Midscale and Midscale both recorded 1.8% increases.

Among the top 25 markets, US revenue per available room rose 2.9% year-over-year. Las Vegas posted the strongest performance with a 29.0% year-over-year gain, followed by Tampa Bay at 22.9%, Saint Louis at 20.0%, and Houston at 20.0%. San Francisco recorded the weakest performance among major markets, declining 31.2% year-over-year.

By chain scale, five of six categories showed year-over-year revenue per available room growth. Luxury led with a 4.5% increase, followed by Upper Midscale at 3.3%, Midscale at 2.7%, Upper Upscale at 1.9%, and Upscale at 1.6%. Economy properties remained approximately flat year-over-year.

By booking segment, Transient revenue per available room rose 5.3% year-over-year, while Group increased 2.6% and Contract grew 6.2%.