Overview

• For the week ending August 23, U.S. occupancy slipped to 65.4% with ADR at $155.09, pushing RevPAR down 1.3% year over year for a third straight weekly decline.
• Chicago’s comparison to the 2024 Democratic National Convention sent ADR down 22.3% and RevPAR down 19.9%, while Houston’s post-storm comp drove occupancy down 29.3% and RevPAR down 38.1%.
• STR reported that Chicago and Houston accounted for most of the national decline; excluding them, weekly RevPAR was flat, with all other markets up 0.4% even as the aggregate Top 25 fell 3.8%.
• July 2025 results also eased year over year, with occupancy at 68.2%, ADR at $161.90, and RevPAR at $110.37, as Top 25 markets outperformed and New York City led occupancy at 85.2%.
• Luxury remained the only class growing RevPAR over the latest week, Economy stayed on a downswing, and STR cautioned that an extra Sunday in August and the timing of Rosh Hashanah will weigh on upcoming results.