CoStar: U.S. Hotels Report Full-Year Occupancy and RevPAR Declines for the First Time Since 2020
🏨 Arlington, Virginia—In 2025, U.S. hotel occupancy dropped to 62.3% (down 1.2% from 2024) with RevPAR at $100.02 (down 0.3%), while ADR increased to $160.54 (up 0.9%). New York City led the top 25 markets in occupancy (84.1%), ADR ($333.71), and RevPAR ($280.71). San Francisco saw significant ADR (up 6% to $225.82) and RevPAR gains, while St. Louis had a 6.5% occupancy increase. Las Vegas experienced a 10.9% RevPAR drop.
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