Summary:
- Occupancy fell to 66.6 percent for the week ending Oct. 25, CoStar reported.
- Tampa had the largest year-over-year drop in occupancy.
- New Orleans recorded the largest declines in ADR and RevPAR.
U.S. HOTEL METRICS declined for the week ending Oct. 25, hitting weekly and yearly lows, according to CoStar. Overall, 21 of the top 25 markets saw a drop in occupancy.
Occupancy declined to 66.6 percent for the week ending Oct. 25, down from 68.5 percent the previous week and 3.6 percentage points lower than the same week last year. ADR decreased to $166.36 from $173.14, down 1.7 percent year over year. RevPAR slipped to $110.78 from $118.65, down 5.3 percent from the same week in 2024.
Among the top 25 markets, Tampa posted the largest year-over-year decline in occupancy — down 24.2 percent to 63.7 percent — due to elevated displacement demand following Hurricane Milton in 2024.
New Orleans posted the largest decreases in ADR, which fell 35.3 percent to $195.39, and RevPAR, which fell 41.9 percent to $132.94. The market’s performance was affected by comparisons with Taylor Swift’s 2024 Eras Tour dates.
