Helped by the Columbus Day/Indigenous Peoples' Day calendar shift, the U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through Oct. 12.
Oct. 6-12 (percentage change from comparable week in 2023):
- Occupancy: 70.3 percent (+2.4 percent)
- Average daily rate: $166.88 (+1.4 percent)
- Revenue per available room: $117.28 (+3.8 percent)
Among the Top 25 Markets, New Orleans saw the largest performance lifts across each of the three key performance metrics: occupancy (+20.1 percent to 75.6 percent), ADR (+13.1 percent to $194.70) and RevPAR (+35.9 percent to $147.18). The market’s performance was driven by the Water Environment Federation's Technical Exhibition and Conference.
Atlanta saw the second-highest increases in occupancy (+15.6 percent to 77.5 percent) and RevPAR (+20.6 percent to $102.59), due to displacement demand from Hurricane Milton.
The steepest RevPAR declines were seen in Oahu Island (-10.3 percent to $218.20) and Tampa (-9.8 percent to $88.67), the latter due to the impacts of Hurricane Milton.