financeLodging Magazine··1 min·For: Owner, GM, Revenue, Investor
U.S. Hotel Industry Shows Positive Year-Over-Year Growth
The U.S. hotel industry reported modest year-over-year gains in occupancy and ADR, with the Top 25 markets driving the majority of RevPAR growth.
Key Takeaways
- 1Monitor RevPAR trends which grew 3.2% year-over-year, driven largely by ADR increases rather than occupancy gains
- 2Analyze market-specific performance as the Top 25 markets significantly outperformed smaller regions with a 7.1% RevPAR jump
- 3Prepare for steady occupancy rates which remained nearly flat with only a 0.1% increase to 70.1% nationwide
Source: Lodging Magazine
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