financeLodging Magazine··1 min·For: Revenue, Owner, GM, Investor
U.S. Weekly Hotel RevPAR Jumps 9.7% to $101.88
The U.S. hotel industry recorded positive year-over-year gains for the week ending October 31, driven by strong event demand across major metropolitan markets. National RevPAR grew 9.7% as 20 of the top 25 markets posted year-over-year revenue increases.
Key Takeaways
- 1U.S. RevPAR rose 9.7% year-over-year to $101.88, backed by a 5.2% ADR lift to $164.95 and occupancy reaching 61.8%.
- 2New Orleans led top 25 markets in growth with RevPAR up 32.2% and ADR up 16.2%, fueled by strong conference demand.
- 3Tampa posted the largest occupancy gain, climbing 15.9% to 69.5%, bolstered by the World Series.
Source: Lodging Magazine
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