U.S. hotels report first full-year occupancy, RevPAR declines since 2020
CoStar data shows 2025 marked the first year since 2020 with declining occupancy (-1.2%) and RevPAR (-0.3%), though ADR grew 0.9% nationally.
ARLINGTON, Va. – Annual U.S. hotel occupancy and revenue per available room (RevPAR) fell year over year for the first time since 2020, according to 2025 data from CoStar, a leading global provider of online real estate marketplaces, information, and analytics in the property markets.
2025 (percentage change from 2024):
- Occupancy: 62.3% (-1.2%)
- Average daily rate (ADR): US$160.54 (+0.9%)
- Revenue per available room (RevPAR): US$100.02 (-0.3%)
Among the Top 25 Markets, New York City saw the highest absolute levels in each of the key performance metrics: occupancy (84.1%), ADR (US$333.71) and RevPAR (US$280.71). Occupancy was 0.2% lower than 2024, while ADR and RevPAR were up 4.7% and 4.5%, respectively.
San Francisco posted the highest increases in ADR (+6.0% to US$225.82) and RevPAR (+11.8% to US$155.84), while St. Louis posted reported the largest gain in occupancy (+6.5% to 61.7%).
Houston saw the steepest drop in occupancy (-8.6% to 58.9%).
Las Vegas registered the largest declines in ADR (-4.3% to US$199.79) and RevPAR (-10.9% to US$149.13)
For more information about the company and its products and services, please visit www.costargroup.com.
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