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CoStar: Columbus Day boosts hotel performance in second week of October

New Orleans had the highest YOY increases in key metrics due to the Water Environment Federation's Conference

CoStar: Columbus Day boosts hotel performance in second week of October

U.S. HOTEL PERFORMANCE improved in the second week of October compared to the previous week, with positive year-over-year comparisons due to the Columbus Day/Indigenous Peoples' Day calendar shift, according to CoStar. Key metrics, including occupancy, RevPAR and ADR, saw week-over-week increases.

Occupancy increased to 70.3 percent for the week ending Oct. 12, up from 65.6 percent the previous week, marking a 2.4 percent year-over-year rise. ADR rose to $166.88 from $156.25, reflecting a 1.4 percent increase compared to last year. RevPAR reached $117.28, up from $102.44 the prior week, showing a 3.8 percent increase from the same period in 2023.


Among the top 25 markets, New Orleans recorded the highest year-over-year increases: occupancy rose 20.1 percent to 75.6 percent, ADR increased 13.1 percent to $194.70, and RevPAR grew 35.9 percent to $147.18, driven by the Water Environment Federation's Technical Exhibition and Conference.

Atlanta experienced the second-highest increases in occupancy, rising 15.6 percent to 77.5 percent, and RevPAR, which increased 20.6 percent to $102.59, due to displacement demand from Hurricane Milton.

The steepest RevPAR declines were in Oahu Island, down 10.3 percent to $218.20, and Tampa, down 9.8 percent to $88.67, the latter affected by Hurricane Milton.

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AHLA members meet with U.S. lawmakers to discuss key hospitality legislation impacting hotel owners and workers

AHLA shares priorities with lawmakers

AHLA Members Unite on Capitol Hill to Advance Hospitality Legislation

MORE THAN 250 American Hotel & Lodging Association members met with lawmakers in the U.S. Senate and House to discuss legislative priorities critical to the hospitality industry. They raised concerns about tax and trade policies impacting hotel operating costs and travel demand amid ongoing budget reconciliation and tax negotiations.

Members also discussed expanding and upskilling the hospitality workforce through measures such as adjusting the H-2B visa cap and protecting the franchise model, which supports more than half of all U.S. hotels and 2.8 million jobs, the association said in a statement.

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CBRE: US Hotel RevPAR to Grow 1.3 Percent in 2025

CBRE: RevPAR to grow 1.3 percent in 2025

U.S. HOTEL REVPAR is expected to grow 1.3 percent in 2025, supported by urban markets from group and business travel and increased demand for drive-to and regional leisure destinations, according to CBRE. Occupancy is forecast to rise 14 basis points and ADR 1.2 percent year-over-year.

This represents slower growth than CBRE’s February forecast, which projected 2 percent RevPAR growth based on a 21-basis-point increase in occupancy and a 1.6 percent rise in ADR, the commercial real estate and investment firm said.

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Palette Hotels to Transform DoubleTree by Hilton in Washington, PA

Palette to manage Washington, PA, DoubleTree

Palette’s Expertise in Hospitality Management

SUNRISE GOLD HOSPITALITY recently selected Palette Hotels to manage its 140-room DoubleTree by Hilton Washington Meadow Lands Casino Area in Washington, Pennsylvania. Palette will oversee renovations, including Hilton Connected Rooms technology upgrades, new signage, landscaping, building systems and updates to the lobby, guestrooms, bathrooms, meeting spaces, restaurant, bar and lounge.

Sunrise Gold Hospitality is led by owner Ramesh Pandya, and Palette Hotels by Founder and CEO Richard Lou.

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