Overview
- Occupancy declined to 65.8%, down 2.4% year over year, marking an eighth consecutive monthly drop.
- Average daily rate rose 1.5% to $167.71, while revenue per available room dipped 0.9% to $110.35.
- The Top 25 markets outperformed all other markets on both occupancy and room rates.
- New York City recorded the highest occupancy among major markets at 89.4%, a 1.6% decrease from a year earlier.
- Tampa (62.5%) and St. Louis (63.1%) were among the weakest markets, with Tampa’s comparison influenced by post–Hurricane Milton displacement in 2024.