financeasianhospitality.com··1 min·For: Owner, GM, Revenue, Investor
US Hotel RevPAR Climbs 6.5% Led by San Francisco Surge
U.S. hotel performance improved across all key metrics for the week ending October 10, boosted by strong event demand in major metro markets. RevPAR grew 6.5% year over year, with 17 of the top 25 markets reporting gains.
Key Takeaways
- 1National occupancy rose to 70.6%, with ADR increasing 4.1% to $179.58 and RevPAR reaching $126.79.
- 2San Francisco led top 25 markets with RevPAR surging 31.1% to $242.53, driven by Fleet Week and Tech Week.
- 3Chicago posted the second-largest occupancy jump to 82.7%, driving a 21.1% RevPAR increase fueled by major conventions.
Source: asianhospitality.com
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