financeHospitalityNet··1 min·For: Owner, GM, Revenue, Investor
US Hotel RevPAR Climbs 7% for Week Ending June 13
The U.S. hotel industry saw a 7% RevPAR increase year-over-year, driven significantly by major sporting events in key markets like New York City and Los Angeles.
Key Takeaways
- 1Monitor local sports and international events like the NBA Finals and World Cup, which drove NYC RevPAR up 18.9%.
- 2Expect steady growth in ADR which increased 4.9% nationally, outpacing occupancy gains.
- 3Track regional performance spikes in markets like Detroit, which led occupancy growth at 7.9% year-over-year.
Source: HospitalityNet
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