financeLodging Magazine··1 min·For: Owner, GM, Revenue, Investor, Ops
CoStar: U.S. Hotel Industry Shows Positive YoY Growth
The U.S. hotel industry reported positive year-over-year results for the week of April 7-13, 2024, with RevPAR up by 2.6% driven primarily by a 2.8% increase in ADR.
Key Takeaways
- 1Monitor ADR growth as it continues to drive RevPAR increases despite fluctuating occupancy rates.
- 2Leverage high-demand periods in Top 25 Markets, which outperformed smaller markets with a 4.1% RevPAR increase.
- 3Note that New Orleans and Houston led growth among major cities, while Nashville and Detroit faced significant declines.
Source: Lodging Magazine
Keep reading
Our reporting
More in finance