Impacted by the Rosh Hashanah holiday, the U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 27 September. CoStar is a global leading provider of online real estate marketplaces, information and analytics in the property markets.
21-27 September 2025 (percentage change from comparable week in 2024):
- Occupancy: 65.6% (-4.2%)
- Average daily rate (ADR): US$166.48 (-2.5%)
- Revenue per available room (RevPAR): US$109.15 (-6.6%)
Among the Top 25 Markets, Las Vegas reported the largest declines in each of the three key performance metrics: occupancy (-23.0% to 66.1%), ADR (-20.1% to US$195.31) and RevPAR (-38.5% to US$129.04).
New Orleans reported the second-steepest performance declines: occupancy (-21.1% to 48.4%), ADR (-14.9% to US$131.54) and RevPAR (-32.8% to US$63.65).
Overall, 21 of the Top 25 Markets reported an occupancy decline.
