U.S. hotels reported higher occupancy, room rates and revenue in September 2026 than a year earlier, according to CoStar data.
Occupancy rose 5.4% to 66.9%, while the average daily rate increased 5.3% to $171.69. Revenue per available room, or RevPAR, climbed 11% to $114.80.
Among the top 25 markets, New Orleans posted the largest gains in both occupancy and RevPAR. Occupancy increased 10.1% to 53.3%, and RevPAR rose 25.5% to $83.77.
Miami recorded the largest increase in average daily rate, up 14.1% to $168.86.
Las Vegas and Phoenix were the only major markets to report RevPAR declines. RevPAR fell 3.5% to $142.37 in Las Vegas and 0.4% to $88.71 in Phoenix.