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U.S. Hotel RevPAR Surges 16% in 21st Week of Growth
financeLodging Magazine··1 min·For: Owner, GM, Revenue, Investor

U.S. Hotel RevPAR Surges 16% in 21st Week of Growth

The U.S. hotel industry marked its 21st consecutive week of year-over-year gains, driven by a 16.1% RevPAR increase aided by the Labor Day calendar shift. Major markets saw varied performance, led by Minneapolis in occupancy gains and Las Vegas in rate growth.

Key Takeaways

  1. 1RevPAR increased 16.1% to $100.31, with occupancy up 9.4% to 63% and ADR up 6.1% to $159.19.
  2. 2Minneapolis led top markets with RevPAR up 35.7%, while Las Vegas posted a 24.8% ADR surge.
  3. 3St. Louis suffered the steepest declines across all metrics, with RevPAR falling 11.8%.

Read original source →

Source: Lodging Magazine

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