- U.S. hotel occupancy and revenue metrics show a year-over-year decline, influenced by a calendar shift and past weather events.
- New Orleans and Tampa experience the largest declines in hotel performance metrics.
The U.S. hotel industry experienced a downturn in performance for the week ending November 15, 2025, as revealed by CoStar’s latest data. CoStar reported unfavorable year-over-year comparisons across several key metrics.
During the week of November 9-15, 2025, the hotel occupancy rate fell to 60.9%, marking a 4.1% decrease from the same period in 2024. The average daily rate (ADR) saw a slight dip of 0.5%, settling at $154.41, while revenue per available room (RevPAR) dropped by 4.6% to $93.97.
The decline in performance was primarily due to a shift in the Veteran’s Day calendar, which led to a significant reduction in group demand nationwide. This resulted in lower occupancy and revenue figures for hotels.
Among the top 25 U.S. markets, New Orleans experienced the most pronounced declines. The city’s hotel occupancy plummeted by 23.9% to 59.4%, ADR decreased by 9.6% to $174.13, and RevPAR fell by 31.2% to $103.42. Tampa followed closely, with occupancy dropping by 19.7% to 70.0% and RevPAR by 25.0% to $115.66. Tampa’s performance was notably affected by Hurricane Milton in 2024, which had previously driven up demand due to displacement.
These figures highlight the ongoing challenges faced by the U.S. hotel industry, as it navigates the impacts of calendar shifts and external events on travel and accommodation demand.
