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Among the Top 25 Markets, Chicago reported the highest rise in occupancy, with a boost of 9.5% to reach 60.7%. – Image Credit Unsplash
- According to CoStar data, the U.S. hotel industry had an occupancy rate of 62.4% and an average daily rate of $160.53 as of the week ending March 8, 2025.
- Major markets like Chicago, Anaheim, and New Orleans reported significant gains, while Minneapolis and San Diego saw steep declines.
According to the latest data from CoStar, an online real estate marketplace and analytics provider, the U.S. hotel industry showed mixed results for the week ending March 8, 2025. The reported occupancy rate was 62.4%, showing a minor dip of 1.4% from the same week in 2024. The average daily rate (ADR), however, increased by 2.1% to reach $160.53, while revenue per available room (RevPAR) also saw a slight increase of 0.6%, amounting to $100.11.
Among the Top 25 Markets, Chicago reported the highest rise in occupancy, with a boost of 9.5% to reach 60.7%. Anaheim saw significant increases in ADR and RevPAR, with 25.8% and 35.8%, respectively, largely due to the Natural Products Expo West.
New Orleans, boosted by Mardi Gras celebrations, also reported substantial gains in ADR and RevPAR but experienced a 2.7% decline in occupancy rate.
On the other end of the spectrum, Minneapolis and San Diego recorded the most significant RevPAR declines at 31.0% and 23.7%, respectively.
