The U.S. hotel industry reported nearly flat year-over-year comparisons, according to CoStar’s latest data through Feb. 28.
For the week of Feb. 22-28 (percentage change from comparable week in 2025):
- Occupancy: 62.8 percent (0 percent)
- Average daily rate: $159.03 (-0.2 percent)
- Revenue per available room: $99.85 (-0.2 percent)
Top Markets
Among CoStar's top 25 markets, New Orleans reported the steepest declines in ADR (-32.6 percent to $160.58) and RevPAR (-33.7 percent to $100.14), due to a comparison against Mardi Gras in 2025.
New York City saw the largest drop in occupancy (-12.6 percent to 65.8 percent).
Las Vegas registered the second-steepest decreases in each of the three key performance metrics: occupancy (-12 percent to 72.1 percent), ADR (-26.9 percent to $171.18) and RevPAR (-35.7 percent to $123.45).
San Francisco posted the highest gains across each of the three key performance metrics: occupancy (+20.3 percent to 75.3 percent), ADR (+12.5 percent to $232.83) and RevPAR (+35.3 percent to $175.33).