Overview
- CoStar’s weekly data show U.S. occupancy at 59.3%, a 2.6% year-over-year decline for the week ending Nov. 1.
- Average daily rate edged up 0.4% to $156.09, but revenue per available room fell 2.3% to $92.54 as lower occupancy outweighed pricing gains.
- San Francisco led major markets, with occupancy up 13.8% to 71.5%, ADR up 17.0% to $231.17, and RevPAR up 33.1% to $165.31.
- Tampa posted the steepest occupancy drop among top markets, down 24.6% to 60.5% on comparisons tied to last year’s Hurricane Milton displacement.
- New Orleans recorded the largest declines in ADR and RevPAR, with ADR down 23.9% to $168.61 and RevPAR down 38.3% to $104.29 due to tough comps from a Taylor Swift tour stop and a major midweek conference last year.