The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data.
For the week of Nov. 30 through Dec. 6 (percentage change from comparable week in 2024):
- Occupancy: 57.2 percent (-3.2 percent)
- Average daily rate: $160.11 (-0.5 percent)
- Revenue per available room: $91.57 (-3.7 percent)
Top Markets
Among CoStar’s top 25 markets, Tampa, Fla., reported the steepest decreases across each of the three key performance metrics: occupancy (-20.5 percent to 66.1 percent), ADR (-10.2 percent to $155.68) and RevPAR (-28.7 percent to $102.91). The market’s performance was impacted by the elevated displacement demand period that followed Hurricane Milton in 2024.
Seattle registered the second-largest performance declines: occupancy (-16.4 percent to 55.5 percent), ADR (-9.8 percent to $143.21) and RevPAR (-24.6 percent to $79.50).
Overall, 17 of the top 25 markets saw an occupancy drop.