U.S. hotel results for week ending Nov. 1

 

The U.S. hotel industry reported mixed year-over-year comparisons for the week ending Nov. 1, according to data from CoStar.

Oct. 26 through Nov. 1 (percentage change from comparable week in 2024):

Occupancy: 59.3% (-2.6%)
ADR: $156.09 (+0.4%)
RevPAR: $92.54 (-2.3%)

Among the top 25 markets, San Francisco registered the highest increases across each of the three key performance metrics: occupancy (+13.8% to 71.5%), ADR (+17.0% to $231.17) and RevPAR (+33.1% to $165.31).

New Orleans posted the largest decreases in ADR (-23.9% to $168.61) and RevPAR (-38.3% to $104.29). The market’s performance was due to comparisons with the back half of Taylor Swift’s Eras Tour and a midweek conference.

Tampa reported the steepest occupancy drop (-24.6% to 60.5%), due to the elevated displacement demand period that followed Hurricane Milton in 2024.

Tags: CoStar