As projected for election week, the U.S. hotel industry reported negative year-over-year (YOY) performance comparisons, according to CoStar’s latest data through Nov. 9.

Nov. 3-9 (percentage change from comparable week in 2023):

Occupancy: 62.6% (-3.5%)
ADR: $156.11 (-0.1%)
RevPAR: $97.73 (-3.5%)

Among the top 25 markets, Las Vegas saw the largest increases across each of the three key performance metrics: occupancy (+6.8% to 85.4%), ADR (+28.2% to $256.38) and RevPAR (+36.9% to $219.07).

The steepest RevPAR declines were seen in San Francisco (-35.2% to $111.40) and Washington, DC (-27.9% to $95.89).

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