Featuredfinanceasianhospitality.com··1 min·For: Owner, GM, Revenue, Investor
U.S. Hotel RevPAR Climbs 7.1% as Occupancy Rebounds
U.S. hotels posted strong third-quarter gains with RevPAR up 7.1%, driven by higher occupancy and midweek business travel. Despite robust top-line performance, rising operating costs and strict lending terms continue to compress owner profit margins.
Key Takeaways
- 1Third-quarter RevPAR increased 7.1%, lifted by a 2.7% rise in occupancy to 67.7% and a 4.3% lift in ADR.
- 2Luxury properties led chain scale growth with an 11.9% RevPAR increase, while Las Vegas was the sole top-25 market to decline.
- 3Operating cost pressures persist, and high interest rates of 8% to 10% are constraining development financing.
Source: asianhospitality.com
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