The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 25 October. CoStar is a global leading provider of online real estate marketplaces, information and analytics in the property markets.
19-25 October 2025 (percentage change from comparable week in 2024):
- Occupancy: 66.6% (-3.6%)
- Average daily rate (ADR): US$166.36 (-1.7%)
- Revenue per available room (RevPAR): US$110.78 (-5.3%)
Among the Top 25 Markets, Tampa reported the steepest occupancy drop (-24.2% to 63.7%), due to the elevated displacement demand period that followed Hurricane Milton in 2024.
New Orleans posted the largest decreases in ADR (-35.3% to US$195.39) and RevPAR (-41.9% to US$132.94). The market’s performance was affected by a comparison against Taylor Swift’s 2024 Eras Tour dates.
Overall, 21 of the Top 25 Markets saw an occupancy decline.
