Due to the Veteran’s Day calendar shift, the U.S. hotel industry reported mixed year-over-year performance comparisons, according to CoStar’s latest data through Nov. 16.
Nov. 10-16 (percentage change from comparable week in 2023):
Occupancy: 63.3% (+1.5%)
ADR: $154.96 (-1.1%)
RevPAR: $98.11 (+0.4%)
Among the top 25 markets, Tampa saw the largest increases across each of the three key performance metrics: occupancy (+30.3% to 87.2%), ADR (+17.4% to $176.73) and RevPAR (+52.9% to $154.16). The market’s performance was due to continued displacement demand from Hurricane Milton.
The steepest RevPAR declines were seen in Las Vegas (-47.1% to $136.28) and San Francisco (-27.8% to $139.74). Las Vegas’ performance was impacted by the Formula 1 calendar shift.
