U.S. hotel revenue per available room, or RevPAR, dropped 2.1% in September, the sharpest monthly deceleration since 2022. This marks the second consecutive quarter of declines in RevPAR.
US hotel industry slows for two consecutive quarters
Year-to-date revenue per available room change now stands at 0%
By Jan Freitag
CoStar AnalyticsOctober 24, 2025 | 5:39 P.M.
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