U.S. extended-stay hotels reached a four-year demand growth high of 6.2% in July, bolstered by the FIFA World Cup. Outpacing supply for the sixth straight month, the segment saw room revenue rise 10.4% year-over-year.
Key Takeaways
1July demand grew 6.2%, marking the largest monthly gain since February 2022.
2Room revenue increased 10.4% YoY, driven by ADR and RevPAR performance gains.
3Demand has outpaced supply growth of 4.7% for six consecutive months.
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