Hotel sales across Texas’ major hotel markets — Austin, Dallas, Fort Worth-Arlington, Houston and San Antonio — reflects a market that has settled into a cautious yet steady rhythm through 2025.
Despite travel hassles and some local challenges, the U.S. government shutdown didn't ding overall hotel performance in October in a significant way, according to CoStar data.
The UK occupier markets have shown continued robust performance over the past six months, though the story varies by sector and location, according to CoStar’s latest Market Activity Tracker report.
Luxury and upper-upscale hotels across the southern United States entered fall with mixed fortunes. Through September, revenue per available room, or RevPAR, trends reveal a bifurcated landscape, with some cities thriving on strong average daily rate growth, while others struggle under occupancy pressure.
Against an easy comparable from last year’s presidential election week, U.S. hotel revenue per available room rose 6.2% for the week of Nov. 2-8. The gain was fairly balanced with a 1.5-percentage-point increase in occupancy and a 3.6% rise in average daily rate.
The phrase “there’s always something going on” does not apply to every city around the country. But for Miami, it is true most of the time. As the epicenter of South Florida, the city hosts a variety of cultural festivals, sports games and entertainment events in addition to myriad conventions, conferences and trade shows throughout the year.
Ultra-luxury hotels, those with the highest room rates in their respective markets, are showing a strong rate premium over their luxury competitors, while their occupancy rates are significantly lower.
Hotels have long focused on creating memorable experiences, but another player is quietly winning on perceived value: cruise travel. Post-pandemic, cruising has surged as travelers seek affordability and convenience.
The week of Oct. 26 to Nov. 1 wasn’t as bad for U.S. hotels as the previous week, but revenue per available room was down again. Falling weekend hotel occupancy due to Halloween was the main culprit behind a 2.3% drop in RevPAR.
The third-quarter earnings calls from the four major U.S. airlines — Delta, Southwest, United, and American — revealed a striking consensus: The future of air travel growth lies in the premium sector.
Hotel operating budget season, which generally runs between the months of August and December, is now in full swing. As hotel operators, asset managers and owners deliberate expense ratios with their property management and operations teams, all parties involved are focused on how expenses increased between 2023 and 2024, and evaluating preliminary 2025 expenses, which won't be available until next year.
One year after Hurricane Helene and Hurricane Milton made landfall in Florida, all 13 hurricane-affected markets in the Southeast U.S. continued to experience year-over-year revenue growth. Six markets witnessed double-digit, 12-month revenue per available room gains through September 2025.
Through the first nine months of 2025, Texas hotel room rates look higher, but after adjusting for inflation, real ADR for the four cities remain under the 2019 benchmarks.
The week of Oct. 19-25 was a bad one for the U.S. hotel industry. Revenue per available room dropped 5.3% year over year on falling average daily rate and occupancy.
Third-quarter hotel trading results surprised to the upside, as revenue per available room returned to growth, following a weak first half of the year, according to CoStar data.