Overview

• Nationwide results for Sept. 21–27 showed occupancy at 65.6% (-4.2% year over year), ADR at US$166.48 (-2.5%), and RevPAR at US$109.15 (-6.6%).
• Las Vegas posted the sharpest declines among Top 25 markets, with occupancy down 23.0% to 66.1%, ADR down 20.1% to US$195.31, and RevPAR down 38.5% to US$129.04.
• New Orleans recorded the second-steepest drop, with occupancy falling 21.1% to 48.4%, ADR down 14.9% to US$131.54, and RevPAR down 32.8% to US$63.65.
• In breadth, 21 of the Top 25 U.S. markets reported lower occupancy compared with the same week in 2024.
• CoStar’s benchmarking draws on a sample exceeding 90,000 properties and 11.8 million rooms worldwide.