Summary:
- U.S. hotel performance was mixed for the week ending Oct. 4, CoStar reported.
- Occupancy fell in 18 of the top 25 markets, led by Tampa.
- Las Vegas posted the largest gains across all three key metrics.
U.S. HOTEL PEFORMANCE was mixed for the first week of October, with all weekly metrics declining and only ADR showing a year-over-year increase, according to CoStar. Occupancy fell in 18 of the top 25 markets.
Occupancy dropped to 63.7 percent for the week ending Oct. 4, down from 65.6 percent the previous week and three points lower than the same week last year. ADR decreased to $160.62 from $166.48 but remained 2.7 percent higher than last year. RevPAR fell to $102.37 from $109.15, yet showed a slight 0.4 percent increase from the same week in 2024.
Among the top 25 markets, Tampa reported the largest declines, with occupancy down 30 percent to 57.9 percent and RevPAR falling 35.5 percent to $81.84. Miami recorded the steepest drop in ADR, falling 8.1 percent to $150.78.
Las Vegas reported the highest gains across all three key performance metrics, with occupancy rising 8.7 percent to 81.7 percent, ADR increasing 37.1 percent to $234.52 and RevPAR climbing 49 percent to $191.60. The market’s performance was boosted by PACK Expo 2025, which drove RevPAR up 90 percent year over year on Sept. 29 and Oct. 1.
