Overview
- In the U.S., full-year 2025 occupancy fell to 62.3% (-1.2% year over year) as RevPAR edged down to $100.02 (-0.3%) and ADR rose to $160.54 (+0.9%).
- New York City led U.S. markets with the highest occupancy at 84.1%, ADR at $333.71, and RevPAR at $280.71.
- San Francisco posted the largest gains among major U.S. markets, with ADR up 6.0% to $225.82 and RevPAR up 11.8% to $155.84.
- Houston saw the steepest occupancy decline (-8.6% to 58.9%), and Las Vegas recorded the largest drops in ADR (-4.3% to $199.79) and RevPAR (-10.9% to $149.13).
- Canada reached record highs with occupancy at 66.1% (+0.7%), ADR at CAD216.10 (+3.5%), and RevPAR at CAD142.89 (+4.2%), led by British Columbia and Vancouver as Montreal lagged.