The Print
CoStar’s data for the week of 6 to 12 September 2026 puts U.S. hotel occupancy at 62.3 per cent, down 4.6 per cent year over year, average daily rate at USD 160.57, down 1.7 per cent, and revenue per available room at USD 100.08, down 6.2 per cent. All three metrics fell in the same week for the first time in 21 weeks.
Hotel News Resource carries the release under the headline “Labor Day Calendar Shift Pushes U.S. Hotel Performance Lower”. The run of growth it ends covered 21 consecutive weeks through the week ending 5 September.
The Calendar Moved It, and the Losses Landed Midweek
CoStar attributes the result to the Labor Day calendar shift. The comparable week in 2025 did not include the holiday, so the 2025 comparison week carried midweek holiday demand that the 2026 week did not.
The declines landed Monday through Wednesday, and CoStar states that concentration. The release publishes no day-of-week split, so the midweek share of the loss cannot be sized from its figures.
A day-use and hourly operator sells into weekday daytime. The release carries no day-use, hourly or daytime figure, so it gives no rate read for that inventory. The weekday losses in it describe overnight rooms alone.
Rate and Occupancy in the Same Print
Rate fell 1.7 per cent. Occupancy fell 4.6 per cent. RevPAR carries both.
The three published figures reconcile. 62.3 per cent of USD 160.57 is USD 100.04 against a released RevPAR of USD 100.08. The four-cent gap is rounding in the published inputs, and it confirms the three figures describe one dataset.
Against the comparable week, USD 100.08 is USD 6.62 less room revenue per available room. A 200-room hotel at the national mix therefore lost roughly USD 9,300 of room revenue across the seven nights. The release does not publish the mix, so the figure is an illustration.
Market-Level Dispersion
New York City posted the largest gains across all three metrics. Occupancy rose 4.1 per cent to 91.8 per cent, average daily rate rose 7.1 per cent to USD 435.43, and RevPAR rose 11.5 per cent to USD 399.60.
Las Vegas posted the steepest falls in rate and RevPAR. Average daily rate fell 20.2 per cent to USD 149.68. RevPAR fell 32.8 per cent to USD 97.55. Minneapolis posted the largest occupancy decline, down 17 per cent to 57.8 per cent.
The two Las Vegas figures reconcile to an occupancy decline. Average daily rate down 20.2 per cent and RevPAR down 32.8 per cent imply occupancy down about 15.8 per cent. The same check on New York returns the occupancy figure CoStar published: rate up 7.1 per cent and RevPAR up 11.5 per cent imply occupancy up about 4.1 per cent against a stated 4.1 per cent.
New York added more than USD 40 of RevPAR across the week while Las Vegas lost more than USD 47. Both are top-25 markets in the same week under the same national data. A market-level pricing call belongs to the market-level print, and the release carries no day-use rate for either city.
What the Release Leaves Open
Three items are not in the material. It carries no day-of-week split, so the midweek mechanism is stated and not quantified. It carries no chain-scale or class split, so the read on luxury and economy pricing is not available here. It carries no forward occupancy or booking pace, and no day-use or hourly figure.
The headline number is the one to quote. The streak ended at 21 weeks, and the mechanism is a calendar comparison.