Summary:
- U.S. hotel metrics fell for the week ending Aug. 23, hitting weekly and annual lows.
- Occupancy dropped to 65.4 percent, down from 66.3 percent the prior week.
- Houston led occupancy and RevPAR declines; Chicago posted the largest ADR drop.
U.S. HOTEL METRICS fell for the week ending Aug. 23, reaching weekly and annual lows, according to CoStar. Houston posted the largest year-over-year occupancy and RevPAR declines among the top 25 markets.
Occupancy decreased to 65.4 percent for the week ending Aug. 23, down from 66.3 percent the previous week and 1.1 percentage points lower year over year. ADR was $155.09, down from $157.51 and 0.2 percent below the same week in 2024. RevPAR fell to $101.38 from $104.50, down 1.3 percent year over year.
Among the top 25 markets, Houston recorded the steepest occupancy and RevPAR declines, with occupancy down 29.3 percent to 53.7 percent and RevPAR down 38.1 percent to $58.43. The declines were driven by elevated displacement demand following Hurricane Beryl in 2024.
Chicago reported the largest ADR drop, down 22.3 percent to $167.40 and the second-largest RevPAR decline, down 19.9 percent to $125.14, due to comparison to the Democratic National Convention in 2024.
