financeasianhospitality.com··1 min·For: Owner, GM, Revenue, Investor
US Hotel RevPAR Up 7.3% YoY Despite Weekly Dips
U.S. hotel performance saw year-over-year gains in occupancy, ADR, and RevPAR for the week ending Aug. 1, despite slight week-over-week declines. St. Louis and Philadelphia led major market gains, while Las Vegas experienced the largest drops.
Key Takeaways
- 1RevPAR increased 7.3% YoY to $120.45, while ADR rose 4.5% to $168.82.
- 2Philadelphia RevPAR jumped 32.1% driven by major concert events.
- 3Las Vegas saw the sharpest drops, with RevPAR down 17.1% to $96.63.
Source: asianhospitality.com
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