Overview

• Nationwide results showed occupancy at 68.1% (-1.1% year over year), ADR at $168.98 (-0.3%), and RevPAR at $115.12 (-1.4%).
• Seventeen of the Top 25 markets recorded occupancy declines, signaling widespread softness across major destinations.
• Houston posted the largest occupancy drop among major markets, down 12.3% to 60.5%, with RevPAR sliding 20.1% to $73.89.
• New Orleans had the steepest rate and RevPAR decreases, with ADR down 11.6% to $139.37 and RevPAR down 22.4% to $75.27.
• STR reported a 2.8% RevPAR pullback across the Top 25, ongoing day‑matched weakness since May, and isolated event‑driven gains in secondary markets such as Louisiana North and Buffalo.