financeLodging Magazine··1 min·For: Owner, GM, Revenue, Investor
U.S. Hotel RevPAR Drops 6.2% on Holiday Calendar Shift
A Labor Day calendar shift snapped a 21-week growth streak for U.S. hotels, driving weekly RevPAR down 6.2% despite strong gains in New York City.
Key Takeaways
- 1U.S. RevPAR fell 6.2% to $100.08, driven by a 4.6% drop in occupancy and a 1.7% decline in ADR.
- 2Performance declines were concentrated Monday through Wednesday due to the holiday mismatch.
- 3New York City led major markets with an 11.5% RevPAR increase, while Las Vegas fell 32.8%.
Source: Lodging Magazine
Keep reading
Our reporting
More in finance