U.S. hotel occupancy and revenue were nearly unchanged year over year for the week ending February 28, 2026, with significant variation among major markets.
The U.S. hotel industry reported nearly flat year-over-year results for the week ending February 28, 2026, according to CoStar. National occupancy was 62.8%, unchanged from the comparable week in 2025. Average daily rate (ADR) declined 0.2% to $159.03, and revenue per available room (RevPAR) also decreased 0.2% to $99.85.
Among the Top 25 Markets, San Francisco posted the highest gains across all key performance metrics. The city’s occupancy rose 20.3% to 75.3%, ADR increased 12.5% to $232.83, and RevPAR climbed 35.3% to $175.33.
New Orleans recorded the steepest declines in ADR, down 32.6% to $160.58, and RevPAR, down 33.7% to $100.14, due to a comparison against Mardi Gras in 2025. New York City saw the largest drop in occupancy, falling 12.6% to 65.8%.
Las Vegas registered the second-largest declines across all three key metrics, with occupancy down 12.0% to 72.1%, ADR down 26.9% to $171.18, and RevPAR down 35.7% to $123.45.
