Summary:
- Occupancy fell to 59.3 percent for the week ending Nov. 1, CoStar reported.
- San Francisco led all key metrics.
- Tampa saw the biggest year-over-year occupancy drop.
U.S. HOTEL PERFORMANCE was mixed in the last week of October, with all weekly metrics down and only ADR showing a year-over-year increase, according to CoStar. San Francisco recorded the largest gains across all key metrics.
Occupancy fell to 59.3 percent for the week ending Nov. 1, down from 66.6 percent the previous week and 2.6 percentage points lower than a year ago. ADR dropped to $156.09 from $166.36 but was up 0.4 percent year over year. RevPAR declined to $92.54 from $110.78, down 2.3 percent from the same week in 2024.
Among the top 25 markets, Tampa reported the largest year-over-year drop in occupancy, down 24.6 percent to 60.5 percent, due to displacement demand after Hurricane Milton in 2024.
San Francisco posted the highest gains across all key metrics, with occupancy up 13.8 percent to 71.5 percent, ADR up 17 percent to $231.17 and RevPAR up 33.1 percent to $165.31.
New Orleans recorded the largest declines in ADR, down 23.9 percent to $168.61 and RevPAR, down 38.3 percent to $104.29, due to comparisons with Taylor Swift’s 2024 Eras Tour dates.
