The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through Nov. 2.
Oct. 27 through Nov. 2 (percentage change from comparable week in 2023):
Occupancy: 60.8% (+1.9%)
ADR: $154.99 (+1.2%)
RevPAR: $94.22 (+3.1%)
Among the top 25 markets, Tampa saw the largest occupancy lift (+34.7% to 80.5%), due to continued displacement demand from Hurricane Milton.
New Orleans saw the highest increases in ADR (+27.7% to $222.51) and RevPAR (+53.3% to $169.73). The market’s performance was driven by Taylor Swift’s Eras Tour and the Annual ANCC Magnet and Pathway to Excellence Conference.
The steepest RevPAR declines were seen in Las Vegas (-28.8% to $151.47) and San Francisco (-14.9% to $123.16).
