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Las Vegas experienced the most significant declines among the Top 25 Markets, with occupancy plummeting 23% to 66.1%. – Image Credit Unsplash
- U.S. hotel performance metrics show significant declines, influenced by the Rosh Hashanah holiday.
- Las Vegas and New Orleans experience the steepest drops in occupancy, ADR, and RevPAR.
The U.S. hotel industry faced a downturn for the week ending September 27, 2025, as reported by CoStar, a prominent global provider of real estate market analytics. The Rosh Hashanah holiday contributed to a year-over-year decline in key performance indicators.
During the week of September 21-27, 2025, the industry experienced a 4.2% decline in occupancy rates, which dropped to 65.6%. The average daily rate (ADR) decreased by 2.5% to $166.48, while revenue per available room (RevPAR) fell by 6.6% to $109.15.
Las Vegas experienced the most significant declines among the Top 25 Markets, with occupancy plummeting 23% to 66.1%, ADR dropping 20.1% to $195.31, and RevPAR falling 38.5% to $129.04. New Orleans followed closely with a 21.1% decrease in occupancy to 48.4%, a 14.9% reduction in ADR to $131.54, and a 32.8% drop in RevPAR to $63.65.
Overall, 21 out of the Top 25 Markets reported a decrease in occupancy, highlighting the widespread impact across the U.S. hotel industry during this period.
