The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data for the week of Sept. 14-20.
For the week (percentage change from comparable week in 2024):
- Occupancy: 68.1 percent (-1.1 percent)
- Average daily rate: $168.98 (-0.3 percent)
- Revenue per available room: $115.12 (-1.4 percent)
Top Markets
Among CoStar’s top 25 markets, Houston saw the largest drop in occupancy (-12.3 percent to 60.5 percent) and the second-steepest decline in RevPAR (-20.1 percent to $73.89).
New Orleans reported the steepest declines in ADR (-11.6 percent to $139.37) and RevPAR (-22.4 percent to $75.27).
Overall, 17 of the top 25 markets reported an occupancy decline.