U.S. hotel occupancy in December dropped 0.9 percent year over year, the 10th consecutive month it has dropped, according to real estate data provider CoStar, parent company of hotel analytics firm STR.
U.S. revenue per available room in December held steady year over year at $83.93, while occupancy declined to 53 percent and average daily rate increased 0.8 percent to $158.37.
CoStar last month reported full-year 2025 U.S. occupancy and RevPAR each declined year over year for the first time since 2020.
December occupancy in CoStar's top 25 U.S. markets was 61.5, down 1.5 percent year over year, far higher than the 48.5 percent recorded elsewhere in the United States. Occupancy there dropped 0.4 percent. Top 25 ADR increased 1.2 percent to $196.54.
For the second straight month, Minneapolis recorded the lowest December occupancy among CoStar's top 25 markets for the month at 46.3 percent (up 1 percent year over year), followed by St. Louis (up 2 percent). New York had the highest occupancy at 88 percent (up 0.3 percent).
Tampa had the largest occupancy decline in December among CoStar's top 25 U.S. markets at 18.9 percent year over year, due in part to the effects of Hurricane Milton in November 2024. Las Vegas had the second-sharpest decline at 9.4 percent.
CoStar and travel data company Tourism Economics last week projected 2026 U.S. hotel occupancy, ADR and RevPAR would hold relatively steady year over year.
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