financeLodging Magazine··1 min·For: Owner, GM, Revenue, Investor
U.S. Hotel Performance Sees Positive Year-Over-Year Gains
The U.S. hotel industry reported significant growth across occupancy, ADR, and RevPAR for the first week of October 2024. New Orleans and Houston stood out with the strongest year-over-year performance among the top markets.
Key Takeaways
- 1Monitor performance gains as U.S. RevPAR increased by 5.3% to $102.71 for the week ending October 5th.
- 2Leverage strong demand in top markets, with New Orleans and Houston reporting double-digit occupancy growth.
- 3Note that ADR rose by 4.4% to $163.41, indicating sustained pricing power across the domestic industry.
Source: Lodging Magazine
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