Summary:
- Occupancy fell to 57.9 percent in November from 65.8 percent in October.
- It was the ninth consecutive month for occupancy to decline.
- Top 25 markets recorded higher occupancy and ADR than other markets.
U.S. HOTEL OCCUPANCY declined year over year for the ninth consecutive month in November, according to CoStar. Minneapolis had the lowest occupancy at 51.9 percent, followed by Detroit at 55.9 percent.
Occupancy fell to 57.9 percent in November from 65.8 percent in October, a 2.8 percent decline year over year. ADR dropped to $153.77 from $167.71, up 0.6 percent from 2024, while RevPAR was $88.97, down from $110.35 the previous month and 2.3 percent lower than a year earlier.
Among the top 25 markets, Tampa saw the largest year-over-year declines in key metrics: occupancy fell 21.1 percent to 63.3 percent, ADR dropped 7.7 percent to $154.11 and RevPAR declined 27.1 percent to $97.57. The results reflected displacement demand following Hurricane Milton in 2024.
The top 25 markets overall had higher occupancy and ADR than other markets.
U.S. hotel metrics rose for the week ending Nov. 8, both week over week and year over year, with San Francisco leading the top 25 markets in occupancy and RevPAR growth, CoStar reported.
