financeLodging Magazine··1 min·For: Owner, GM, Revenue, Investor
CoStar Reports Positive U.S. Hotel Performance In February
The U.S. hotel industry reported positive year-over-year performance for February 2024, with RevPAR climbing 3.9% primarily due to increased room rates.
Key Takeaways
- 1Monitor ADR growth as it remains the primary driver for RevPAR increases despite fluctuating occupancy levels.
- 2Analyze Top 25 Market performance where occupancy and RevPAR growth are outpacing the national average.
- 3Prepare for continued RevPAR lift in markets like Oahu and Phoenix, which led the nation in February performance.
Source: Lodging Magazine
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