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San Francisco emerged as a standout performer, recording the highest increases in all three key metrics – Image Credit Unsplash
The U.S. hotel industry experienced a blend of ups and downs for the week ending November 1, according to the latest data from CoStar. The report highlights varying performances across major markets, reflecting the sector’s ongoing challenges and opportunities.
Overall, the industry’s occupancy rate stood at 59.3%, marking a 2.6% decline compared to the same week in 2024. The average daily rate (ADR) saw a slight increase of 0.4% to $156.09, while revenue per available room (RevPAR) dropped by 2.3% to $92.54.
Among the top 25 markets, Tampa experienced the most significant drop in occupancy, falling 24.6% to 60.5%. This decline is attributed to the aftermath of Hurricane Milton in 2024, which had previously driven up demand due to displacement.
New Orleans faced the largest decreases in both ADR and RevPAR, down 23.9% to $168.61 and 38.3% to $104.29, respectively. The city’s performance was impacted by comparisons to the latter part of Taylor Swift’s Eras Tour and a major midweek conference from the previous year.
In contrast, San Francisco emerged as a standout performer, recording the highest increases in all three key metrics. The city saw a 13.8% rise in occupancy to 71.5%, a 17.0% boost in ADR to $231.17, and a 33.1% surge in RevPAR to $165.31, underscoring its robust recovery and appeal as a travel destination.
San Francisco emerged as a standout performer, recording the highest increases in all three key metrics – Image Credit Unsplash
The U.S. hotel industry experienced a blend of ups and downs for the week ending November 1, according to the latest data from CoStar. The report highlights varying performances across major markets, reflecting the sector’s ongoing challenges and opportunities.
Overall, the industry’s occupancy rate stood at 59.3%, marking a 2.6% decline compared to the same week in 2024. The average daily rate (ADR) saw a slight increase of 0.4% to $156.09, while revenue per available room (RevPAR) dropped by 2.3% to $92.54.
Among the top 25 markets, Tampa experienced the most significant drop in occupancy, falling 24.6% to 60.5%. This decline is attributed to the aftermath of Hurricane Milton in 2024, which had previously driven up demand due to displacement.
New Orleans faced the largest decreases in both ADR and RevPAR, down 23.9% to $168.61 and 38.3% to $104.29, respectively. The city’s performance was impacted by comparisons to the latter part of Taylor Swift’s Eras Tour and a major midweek conference from the previous year.
In contrast, San Francisco emerged as a standout performer, recording the highest increases in all three key metrics. The city saw a 13.8% rise in occupancy to 71.5%, a 17.0% boost in ADR to $231.17, and a 33.1% surge in RevPAR to $165.31, underscoring its robust recovery and appeal as a travel destination.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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