The three published numbers
CoStar’s weekly U.S. hotel figures for the week of 6 to 12 September 2026 put national occupancy at 62.3 percent, down 4.6 percent year over year, average daily rate at USD 160.57, down 1.7 percent, and revenue per available room at USD 100.08, down 6.2 percent. Hotel News Resource carried the item on 17 September 2026.
CoStar states that the industry had recorded 21 consecutive weeks of performance growth before this week.
The midweek window carried the decline
CoStar attributes the result to the Labor Day calendar shift. Year-over-year declines were concentrated from Monday through Wednesday, because the comparable week in 2025 did not include the Labor Day holiday.
Labor Day 2026 fell on Monday 7 September, inside the week under review. Labor Day 2025 fell on Monday 1 September, outside the comparable week.
A day-use operator prices the hours inside that weekday window. The item carries no hourly or daytime figure, and it sizes the weekday loss no further than the Monday-to-Wednesday statement.
Volume carried most of the RevPAR loss
The two published moves multiply out to the published RevPAR move. An occupancy ratio of 0.954 against a rate ratio of 0.983 gives 0.938, against a published RevPAR ratio of 0.938 for the minus 6.2 percent.
On that arithmetic the occupancy leg holds about three quarters of the decline and the rate leg about a quarter. Rate fell 1.7 percent, and occupancy fell 4.6 percent of its own ratio.
Where rate moved in the Top 25
New York City posted the largest gains across the three metrics. Occupancy rose 4.1 percent to 91.8 percent, average daily rate rose 7.1 percent to USD 435.43, and revenue per available room rose 11.5 percent to USD 399.60.
Las Vegas posted the steepest declines in rate and RevPAR. Average daily rate fell 20.2 percent to USD 149.68 and revenue per available room fell 32.8 percent to USD 97.55. The item prints no Las Vegas occupancy figure. A RevPAR ratio of 0.672 against a rate ratio of 0.798 leaves an occupancy ratio of 0.842, about 15.8 percent below the comparable week.
Minneapolis posted the largest occupancy decline, down 17 percent to 57.8 percent. The item prints no Minneapolis rate or RevPAR.
The spread behind the national figure
New York and Las Vegas sit in the same Top 25 set in the same week. New York’s average daily rate of USD 435.43 is 2.7 times the national figure, and Las Vegas at USD 149.68 is 0.93 times it. The gap between the two markets is USD 285.75 a room night.
A national weekly print carries no market-level read on its own. This item names three markets, and the two rates above sit 285.75 dollars apart under one national number.
What the item does not carry
No sized day-of-week split, so the midweek mechanism stands unsized. No chain-scale or class split. No market-level figures beyond the three named. No forward occupancy or booking pace, so the fourth quarter is not addressed here. No hourly, daytime or day-use figure of any kind.
The number to quote is the revenue line, with RevPAR down 6.2 percent against a comparison week that held a holiday the 2026 week did not.