ARLINGTON, Va. – 19 December 2025 – U.S. hotel occupancy fell year over year for a ninth consecutive month, according to November 2025 data from CoStar, a leading global provider of online real estate marketplaces, information, and analytics in the property markets.
November 2025 (percentage change from November 2024):
- Occupancy: 57.9% (-2.8%)
- Average daily rate (ADR): US$153.77 (+0.6%)
- Revenue per available room (RevPAR): US$88.97 (-2.3%)
Among the Top 25 Markets, Tampa experienced the steepest declines across each of the three key performance metrics: occupancy (-21.1% to 63.3%), ADR (-7.7% to US$154.11), and RevPAR (-27.1% to US$97.57). The market’s performance was impacted by the elevated displacement demand period that followed Hurricane Milton in 2024.
Markets with the lowest occupancy for the month included Minneapolis (51.9%) and Detroit (55.9%).
The Top 25 Markets showed higher occupancy and ADR than all other markets.
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Additional Performance Data
CoStar’s world-leading hotel performance sample comprises more than 90,000 properties and 11.8 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
