Overview
- For the week ending October 11, U.S. occupancy was 69.1% (down 1.9% year over year), ADR reached $171.88 (up 2.6%), and RevPAR was $118.75 (up 0.6%).
- CoStar attributed a lift in the back half of the week to the Yom Kippur calendar shift.
- San Francisco led gains as Fleet Week helped drive occupancy up 11.8% to 80.2% and RevPAR up 24.7% to $183.88.
- New York City posted the largest ADR increase, up 11.9% to $441.34, the only market above the $400 threshold.
- The steepest RevPAR declines were in Las Vegas (down 21.3% to $178.82) and New Orleans (down 18.7% to $120.47).