Summary:
- U.S. hotel performance turned negative in the last week of November, CoStar reported.
- Hurricanes Milton and Helene in 2024 affected overall U.S. performance comparisons.
- San Francisco posted the largest gains in occupancy and RevPAR.
U.S. HOTEL PERFORMANCE turned negative in the last week of November, with all weekly metrics down and only ADR showing a year-over-year increase, according to CoStar. Tampa recorded the largest declines across all three key performance metrics among the top 25 markets.
Markets affected by Hurricanes Milton and Helene in 2024 influenced overall U.S. performance comparisons.
Occupancy fell to 49.8 percent for the week ending Nov. 29, down from 60.9 percent the previous week and 1 percent below last year. ADR declined to $141.31 from $154.41 but posted a 0.2 percent year-over-year increase. RevPAR dropped to $70.42 from $93.97, down 0.7 percent from the same week in 2024.
Among the top 25 markets, Tampa posted the largest year-over-year declines across all key performance metrics: occupancy fell 21 percent to 54.4 percent, ADR decreased 9.8 percent to $138.84, and RevPAR dropped 28.7 percent to $75.50. The market’s results were influenced by the elevated displacement demand that followed Hurricane Milton in 2024.
San Francisco recorded the largest gains in occupancy and RevPAR, with occupancy up 11.4 percent to 48 percent and RevPAR up 14.9 percent to $77.47.
