financeLodging Magazine··1 min·For: Owner, GM, Revenue, Investor
U.S. Hotel Performance Sees Negative YOY Comparisons
The U.S. hotel industry reported negative year-over-year results for the week ending October 5, 2024, with RevPAR falling 4.9% and occupancy dropping to 67.2%. Performance was likely impacted by the timing of Rosh Hashanah compared to the previous year.
Key Takeaways
- 1Monitor performance closely as occupancy dipped 3.5% and RevPAR fell 4.9% compared to last year.
- 2Analyze the impact of the Jewish holiday timing on group and business travel demand across major markets.
- 3Note that Las Vegas was the only top 25 market to see a RevPAR increase (12.7%) due to strong ADR growth.
Source: Lodging Magazine
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