The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data.
For the week of Nov. 9-15 (percentage change from comparable week in 2024):
- Occupancy: 60.9 percent (-4.1 percent)
- Average daily rate: $154.41 (-0.5 percent)
- Revenue per available room: $93.97 (-4.6 percent)
The Veteran’s Day calendar shift drove a double-digit decline in group demand, resulting in lower performance levels across the U.S.
Top Markets
Among CoStar's top 25 markets, New Orleans reported the steepest declines across each of the three key performance metrics: occupancy (-23.9 percent to 59.4 percent), ADR (-9.6 percent to $174.13) and RevPAR (-31.2 percent to $103.42).
Tampa registered the second-largest declines in occupancy (-19.7 percent to 70 percent) and RevPAR (-25 percent to $115.66), due to the elevated displacement demand period that followed Hurricane Milton in 2024.