The U.S. hotel industry reported negative year-over-year comparisons for the week ending Oct. 25, according to data from CoStar.
October 19-25 (percentage change from comparable week in 2024):
Occupancy: 66.6% (-3.6%)
ADR: $166.36 (-1.7%)
RevPAR: $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 $195.39) and RevPAR (-41.9% to $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.
