financeasianhospitality.com··1 min·For: Owner, GM, Revenue, Investor
U.S. Hotel RevPAR Surges 8.2% in July
U.S. hotel RevPAR increased 8.2 percent year-over-year in July, driven by major event travel and strong ADR gains, particularly in the luxury segment.
Key Takeaways
- 1July RevPAR growth was led by a 5.7% lift in ADR and a 2.3% rise in occupancy.
- 2Luxury RevPAR surged 17.7% year-on-year, while group RevPAR expanded by 14%.
- 3Hyatt led major brand growth with a 10.9% RevPAR increase, followed by Marriott at 9.5%.
Source: asianhospitality.com
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