financeasianhospitality.com··1 min·For: Owner, Revenue, GM, Investor
US Hotel RevPAR Jumps 9.7% YoY Despite Weekly Drop
U.S. hotel performance fell week over week but posted solid year-over-year gains for the week ending Oct. 31, with RevPAR up 9.7%. Most top 25 markets saw annual growth, led by strong event-driven demand in Tampa and New Orleans.
Key Takeaways
- 1National RevPAR rose 9.7% year over year to $101.88, despite a week-over-week seasonal dip.
- 2Tampa saw the highest occupancy gain, up 15.9% to 69.5%, aided by the World Series.
- 3New Orleans led ADR and RevPAR increases, surging 16.2% and 32.2% respectively on conference demand.
Source: asianhospitality.com
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