financeHospitalityNet··1 min·For: Owner, GM, Revenue, Investor, Ops
US Hotel RevPAR Increases 4.6% Ahead of Memorial Day
The U.S. hotel industry saw a broad performance lift for the week ending May 23, with RevPAR rising 4.6% thanks historically to holiday travel and major city-wide events.
Key Takeaways
- 1Monitor top-tier market recovery as RevPAR grew 4.6% year-over-year driven by Memorial Day weekend demand.
- 2Leverage local events like SOF Week or ICSC, which fueled massive gains in Tampa (+41.9% RevPAR) and Las Vegas (+25.7% RevPAR).
- 3Adjust pricing strategies in softening markets like Boston and St. Louis, which experienced significant declines in ADR and occupancy.
Source: HospitalityNet
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