financeLodging Magazine··1 min·For: Owner, GM, Revenue, Investor
U.S. Hotel Industry Reports Positive YOY Growth in December
The U.S. hotel industry saw significant year-over-year growth for the week ending December 7, 2024, with RevPAR up 6.1% and occupancy reaching 57.5%.
Key Takeaways
- 1Assess performance data showing RevPAR rose 6.1% to $104.14 for the week ending December 7, driven by ADR and occupancy gains.
- 2Monitor top-market growth as the Top 25 Markets outperformed the national average with an 8.7% RevPAR increase.
- 3Leverage demand trends in Las Vegas, which reported the highest RevPAR jump at 38.6%, fueled by high-profile sporting events.
Source: Lodging Magazine
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