The print that ended the run
CoStar data for 6 to 12 September 2026 put United States hotel occupancy at 62.3 percent, average daily rate at USD 160.57 and revenue per available room at USD 100.08. Moves against the comparable week of 2025 read -4.6 percent, -1.7 percent and -6.2 percent. The release is dated 17 September 2026 from Arlington, Virginia.
CoStar states the industry had recorded 21 consecutive weeks of growth before this week. The company attributes the result to the Labor Day calendar shift and reports the declines concentrated from Monday through Wednesday.
The three prints before it
CoStar's weekly channel carries the run's closing prints. The week of 9 to 15 August printed 68.0 percent occupancy, USD 163.56 of rate and USD 111.29 of revenue per available room, up 2.6 percent, 3.5 percent and 6.2 percent, the 18th week of positive comparisons.
The week of 16 to 22 August printed 66.7 percent, USD 159.11 and USD 106.12, up 2.1 percent, 2.3 percent and 4.4 percent, the 19th week.
The week of 23 to 29 August printed 64.1 percent, USD 157.14 and USD 100.69, up 1.1 percent, 0.6 percent and 1.7 percent, the 20th week. CoStar attributes the moderation to the Labor Day calendar shift.
Level and headline moved on separate paths
Occupancy across the four prints fell from 68.0 percent to 62.3 percent, a drop of 5.7 occupancy points. Rate fell USD 2.99 and revenue per available room USD 11.21 across the same span.
The year-over-year revenue-per-available-room move travelled from +6.2 percent to -6.2 percent inside that stretch.
The calendar behind the attribution
Labor Day 2026 fell on Monday 7 September, inside the week under review. Labor Day 2025 fell on Monday 1 September. The comparable week for 6 to 12 September 2025 ran 7 to 13 September and holds no holiday.
Two of the four prints name the shift, and the release for the week under review names it as the cause of the reversal.
The three markets the release names
New York City posted the largest gains across all three metrics among the Top 25 markets: occupancy +4.1 percent to 91.8 percent, rate +7.1 percent to USD 435.43 and revenue per available room +11.5 percent to USD 399.60.
Las Vegas posted the steepest declines in rate and revenue per available room, at -20.2 percent to USD 149.68 and -32.8 percent to USD 97.55. Minneapolis posted the largest occupancy drop, at -17.0 percent to 57.8 percent.
Dayuse reads a day-room average of $120 for New York. A day-use booking sells hours inside a room the same hotel offers overnight.
What the series carries
CoStar states its weekly sample at 95,000 properties and 12.2 million rooms. The week runs Sunday to Saturday. The prints carry no day-of-week detail beyond the Monday-to-Wednesday concentration, no chain-scale split and no forward booking pace.