US Hotel RevPAR Surged 11% in September Driven by ADR Gains
U.S. hotels achieved an 11% year-over-year RevPAR increase in September, marking the highest monthly gain since February 2023. Strong leisure travel, returning corporate group demand, and favorable holiday timing drove both occupancy and rate growth.
Key Takeaways
- 1U.S. RevPAR rose 11% year-over-year in September, fueled by a 5.4% lift in occupancy and a 5.3% increase in ADR.
- 2Corporate group bookings rebounded sharply alongside resilient demand from affluent leisure travelers.
- 3Las Vegas and Phoenix were the only major markets reporting RevPAR declines, dropping 3.5% and 0.4% respectively.
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