financeasianhospitality.com··1 min·For: Owner, GM, Revenue, Investor
Labor Day Shift Snaps U.S. Hotel RevPAR Growth Streak
A Labor Day calendar shift ended the U.S. hotel industry's 21-week growth streak as weekly RevPAR dropped 6.2% year over year. Despite widespread national declines, New York City outperformed with double-digit RevPAR growth.
Key Takeaways
- 1U.S. RevPAR dropped 6.2% year over year to $100.08, ending 21 weeks of consecutive growth.
- 2New York City led top markets with RevPAR climbing 11.5% to $399.60 alongside 91.8% occupancy.
- 3Las Vegas suffered steep contractions, with ADR dropping 20.2% and RevPAR plunging 32.8%.
Source: asianhospitality.com
Keep reading
Our reporting
More in finance