Helped by Memorial Day weekend, the U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data.
For the week of May 17-23 (percentage change from comparable week in 2025):
- Occupancy: 67.9 percent (+0.8 percent)
- Average daily rate: $171.04 (+3.7 percent)
- Revenue per available room: $116.20 (+4.6 percent)
Top Markets
Among CoStar's top 25 markets, Tampa, Fla., registered the highest increases across each of the three key performance metrics: occupancy (+15.4 percent to 77 percent), ADR (+22.9 percent to $207.96) and RevPAR (+41.9 percent to $160.07). The market’s performance was helped by SOF Week.
Las Vegas posted the second-largest gains in ADR (+19.6 percent to $287.59) and RevPAR (+25.7 percent to $241.57), supported by a strong calendar of events, including ICSC Las Vegas, Licensing Expo and two BTS concert nights later in the week.
Boston reported the steepest declines in ADR (-5.4 percent to $267.34) and RevPAR (-14.7 percent to $204.10), while St. Louis saw the largest occupancy drop (-12. percent to 67.2 percent).