The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data.
For the week of Oct. 5-11 (percentage change from comparable week in 2024):
- Occupancy: 69.1 percent (-1.9 percent)
- Average daily rate: $171.88 (+2.6 percent)
- Revenue per available room: $118.75 (+0.6 percent)
The latter half of the week was positively impacted by the Yom Kippur calendar shift.
Top Markets
Among CoStar’s top 25 markets, San Francisco reported the highest increases in occupancy (+11.8 percent to 80.2 percent) and RevPAR (+24.7 percent to $183.88). The market’s performance was helped by Fleet Week.
New York City posted the largest lift in ADR (+11.9 percent to $441.34) and was the only market to see the metric exceed $400.
The steepest RevPAR declines were recorded in Las Vegas (-21.3 percent to $178.82) and New Orleans (-18.7 percent to $120.47).