Summary:
- Occupancy declined to 68.5 percent for the week ending Oct. 18, CoStar reported.
- San Francisco led annual growth across key metrics.
- Tampa occupancy fell 23.2 to 63.5 percent after Hurricane Milton displacement.
U.S. HOTEL METRICS saw gains for the week ending Oct. 18, though occupancy and RevPAR remained down year over year, according to CoStar. San Francisco led the top 25 markets in annual growth across all three key performance metrics.
Occupancy declined to 68.5 percent for the week ending Oct. 18, down from 69.1 percent the previous week and 2.4 percentage points lower than the same week last year. ADR rose to $173.14 from $171.88, up 1.7 percent year over year. RevPAR slipped to $118.65 from $118.75, down 0.7 percent from the same week in 2024.
Among the top 25 markets, San Francisco posted the largest year-over-year gains across all key performance metrics: occupancy rose 10.2 percent to 83.4 percent, ADR increased 68.1 percent to $368.79 and RevPAR grew 85.3 percent to $307.40.
Tampa saw the steepest occupancy decline, down 23.2 percent to 63.5 percent, following elevated displacement demand after Hurricane Milton in 2024.
Miami recorded the sharpest declines in ADR, down 27.2 percent to $178.62 and RevPAR, down 32.7 percent to $120.96. The decreases reflected comparisons with Taylor Swift’s Eras Tour dates and Adobe MAX 2024.
