STR Weekly Insights: 14-20 September 2025

Core Insights - U.S. RevPAR has declined for the week ending 20 September, falling by 1.4%, primarily driven by a drop in occupancy rates [1][2][4] - The decline in occupancy has persisted for 118 days since May, with average daily rate (ADR) also experiencing a slight decrease of 0.3% [2][4][34] - The Top 25 Markets contributed significantly to the overall RevPAR decrease, with a collective drop of 2.8% [7][8] U.S. Market Performance - RevPAR has fallen year-over-year in 16 of the 20 days processed for September, with occupancy being the main factor [4][34] - Houston and New Orleans were notable contributors to the decline in the Top 25 Markets, with New Orleans experiencing a weekend drop of 41.5% [7][8] - Weekend RevPAR in the Top 25 Markets has decreased for four consecutive weeks, with the latest drop being the largest [9] Global Market Trends - Global RevPAR, excluding the U.S., increased by 5.6%, driven mainly by occupancy growth [25][27] - China was a significant factor in the slowdown of global ADR growth, with a 13.1% increase in RevPAR despite lower ADR growth [27] - Germany and France reported strong RevPAR growth due to events, with Germany's RevPAR increasing by 52.3% in Munich [29][30] Future Outlook - The short-term outlook for U.S. RevPAR appears unfavorable, with expectations of continued challenges due to upcoming Jewish observances and difficult comparisons to last year's Hurricane Helene [34] - September's month-to-date RevPAR shows a 0.8% gain, but is expected to end negatively on a day-matched basis, down 1.3% [34]