- Las Vegas leads with significant growth in occupancy and revenue, driven by major events.
- Tampa and Miami experience notable declines, impacting overall industry performance.
The U.S. hotel industry experienced a blend of ups and downs for the week ending October 4, 2025, as revealed by CoStar’s latest data. CoStar, a prominent provider of real estate analytics, highlighted varying trends across major markets, reflecting both challenges and opportunities within the sector.
During the period from September 28 to October 4, the hotel industry saw a 3.0% decrease in occupancy, settling at 63.7%. However, the average daily rate (ADR) rose by 2.7% to $160.62, while revenue per available room (RevPAR) slightly dipped by 0.4% to $102.37.
Las Vegas emerged as a standout performer, recording the highest increases across all key metrics. Occupancy surged by 8.7% to 81.7%, ADR jumped by 37.1% to $234.52, and RevPAR soared by 49.0% to $191.60. This impressive growth was largely attributed to the PACK Expo 2025, which significantly boosted RevPAR by 90% year-over-year on specific days.
Conversely, Tampa faced the largest declines, with occupancy plummeting by 30.0% to 57.9% and RevPAR falling by 35.5% to $81.84. Miami also struggled, experiencing the steepest drop in ADR by 8.1%, bringing it down to $150.78.
Overall, 18 out of the Top 25 Markets reported a decline in occupancy, underscoring the varied landscape of the U.S. hotel industry as it navigates through fluctuating market conditions.
