The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data through 4 October. CoStar is a global leading provider of online real estate marketplaces, information and analytics in the property markets.
28 September through 4 October 2025 (percentage change from comparable week in 2024):
- Occupancy: 63.7% (-3.0%)
- Average daily rate (ADR): US$160.62 (+2.7%)
- Revenue per available room (RevPAR): US$102.37 (-0.4%)
Among the Top 25 Markets, Tampa reported the largest declines in occupancy (-30.0% to 57.9%) and RevPAR (-35.5% to US$81.84).
Miami registered the steepest drop in ADR (-8.1% to US$150.78).
Las Vegas reported the highest increases in each of the three key performance metrics: occupancy (+8.7% to 81.7%), ADR (+37.1% to US$234.52) and RevPAR (+49.0% to US$191.60). The market’s performance was helped by PACK Expo 2025, which drove RevPAR up 90% year over year on 29 September and 1 October.
Overall, 18 of the Top 25 Markets reported an occupancy decline.
