financeHospitalityNet··1 min·For: Owner, GM, Revenue, Investor
US Hotel RevPAR Increases 3.2% Following Strong Event Demand
The U.S. hotel industry saw a 3.2% increase in RevPAR for the week ending May 2, driven by strong performances in markets like Las Vegas and Miami despite declines in San Francisco.
Key Takeaways
- 1Monitor national RevPAR growth which rose 3.2% year-over-year to $111.59.
- 2Leverage event-driven demand as seen in Las Vegas where concerts drove a 29% RevPAR surge.
- 3Watch for calendar shifts in group business, exemplified by San Francisco's 31.2% RevPAR drop due to a conference timing change.
Source: HospitalityNet
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