Due to Rosh Hashanah, the U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data.
For the week of Sept. 29 through Oct. 5 (percentage change from comparable week in 2023):
- Occupancy: 65.6 percent (-3.4 percent)
- Average daily rate: $156.25 (-4.4 percent)
- Revenue per available room: $102.44 (-7.7 percent)
Top Markets
Among CoStar’s top 25 markets, Tampa, Fla., saw the highest year-over-year increases in occupancy (+24.1 percent to 81.3 percent) and RevPAR (+22.1 percent to $125.39). As is common around a natural disaster, the market’s hotel performance was lifted by displacement demand from Hurricane Helene.
The steepest RevPAR declines were seen in Las Vegas (-25.9 percent to $118.51) and Chicago (-25.8 percent to $115.05).