financeLodging Magazine··1 min·For: Owner, GM, Revenue, Investor
US Hotel RevPAR Surges 7.3 Percent Year over Year
The U.S. hotel industry saw positive year-over-year performance gains across all key metrics for the week ending August 1. Concerts drove significant lifts in markets like Philadelphia, while Las Vegas experienced double-digit declines.
Key Takeaways
- 1U.S. RevPAR rose 7.3% to $120.45, with ADR up 4.5% and occupancy up 2.6%.
- 2Philadelphia led Top 25 markets in RevPAR growth (+32.1%), boosted by major concert events.
- 3Las Vegas suffered the largest losses, with RevPAR dropping 17.1% year-over-year.
Source: Lodging Magazine
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