The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data.
For the week of Oct. 19-25 (percentage change from comparable week in 2024):
- Occupancy: 66.6 percent (-3.6 percent)
- Average daily rate: $166.36 (-1.7 percent)
- Revenue per available room: $110.78 (-5.3 percent)
Top Markets
Among CoStar’s top 25 markets, Tampa, Fla., reported the steepest occupancy drop (-24.2 percent to 63.7 percent), due to the elevated displacement demand period that followed Hurricane Milton in 2024. It was the city's second week in a row with the steepest year-over-year occupancy drop.
New Orleans posted the largest decreases in ADR (-35.3 percent to $195.39) and RevPAR (-41.9 percent to $132.94). The market’s performance was affected by a comparison against Taylor Swift’s 2024 Eras Tour dates.
Overall, 21 of the top 25 markets saw an occupancy decline.