The U.S. hotel industry reported its first year-over-year weekly decline after 21 consecutive weeks of growth, according to CoStar’s latest data through Sept. 12. The setback was largely driven by the Labor Day calendar shift, which created a tougher comparison against the same week in 2025.
For the week of Sept. 6-12 (percentage change from comparable week in 2025):
- Occupancy: 62.3 percent (-4.6 percent)
- Average daily rate: $160.57 (-1.7 percent)
- Revenue per available room: $100.08 (-6.2 percent)
The industry's run of weekly year-over-year gains ended as declines were concentrated between Monday and Wednesday, when the comparable week last year did not include the Labor Day holiday. The previous reporting period had benefited from the holiday calendar shift, helping drive a 21st consecutive week of performance growth.
Top Markets
Among the top 25 U.S. hotel markets, New York City posted the strongest growth across all three key performance metrics. Occupancy increased 4.1 percent to 91.8 percent, ADR rose 7.1 percent to $435.43 and RevPAR climbed 11.5 percent to $399.60.
Las Vegas experienced the steepest declines in rate and room revenue performance, with ADR falling 20.2 percent to $149.68 and RevPAR dropping 32.8 percent to $97.55. Minneapolis recorded the largest occupancy decline, down 17.0 percent year over year to 57.8 percent.
Despite the weekly setback, industry fundamentals have remained relatively resilient throughout much of 2026, with recent gains supported by steady leisure demand, improving group business and favorable calendar comparisons. The latest results underscore how significantly holiday timing can influence weekly performance trends, particularly when comparing year-over-year results.