The U.S. hotel industry reported mixed year-over-year comparisons for the week ending Oct. 4, according to data from CoStar.
Sept. 28 through Oct. 4 2025 (percentage change from comparable week in 2024):
Occupancy: 63.7% (-3.0%)
ADR: $160.62 (+2.7%)
RevPAR: $102.37 (-0.4%)
Among the top 25 markets, Tampa reported the largest declines in occupancy (-30.0% to 57.9%) and RevPAR (-35.5% to $81.84).
Miami registered the steepest drop in ADR (-8.1% to $150.78).
Las Vegas reported the highest increases in each of the three key performance metrics: occupancy (+8.7% to 81.7%), ADR (+37.1% to $234.52) and RevPAR (+49.0% to $191.60). The market’s performance was helped by PACK Expo 2025, which drove RevPAR up 90% year-over-year on Sept. 29 and Oct. 1.
Overall, 18 of the top 25 markets reported an occupancy decline.
