The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data.
For the week of Sept. 28-Oct. 4 (percentage change from comparable week in 2024):
- Occupancy: 63.7 percent (-3 percent)
- Average daily rate: $160.62 (+2.7 percent)
- Revenue per available room: $102.37 (-0.4 percent)
Top Markets
Among CoStar's top 25 markets, Tampa, Fla., reported the largest declines in occupancy (-30 percent to 57.9 percent) and RevPAR (-35.5 percent to $81.84).
Miami registered the steepest drop in ADR (-8.1 percent to $150.78).
Las Vegas reported the highest increases in each of the three key performance metrics: occupancy (+8.7 percent to 81.7 percent), ADR (+37.1 percent to $234.52) and RevPAR (+49 percent to $191.60). The market’s performance was helped by PACK Expo 2025, which drove RevPAR up 90 percent year over year on Sept. 29 and Oct. 1.
Overall, 18 of the top 25 markets reported an occupancy decline.