Helped by the Columbus Day/Indigenous Peoples’ Day calendar shift, the U.S. hotel industry reported positive year-over-year (YOY) comparisons, according to CoStar’s latest data through Oct. 12. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Oct. 6-12 (percentage change from comparable week in 2023):

Occupancy: 70.3% (+2.4%)
ADR:$166.88 (+1.4%)
RevPAR: $117.28 (+3.8%)

Among the top 25 markets, New Orleans saw the largest performance lifts across each of the three key performance metrics: occupancy (+20.1% to 75.6%), ADR (+13.1% to $194.70) and RevPAR (+35.9% 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% to 77.5%) and RevPAR (+20.6% to $102.59), due to displacement demand from Hurricane Milton.

The steepest RevPAR declines were seen in Oahu Island (-10.3% to $218.20) and Tampa (-9.8% to $88.67), the latter due to the impacts of Hurricane Milton.

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