financeLodging Magazine··1 min·For: Owner, GM, Revenue, Investor
US Hotels Report Positive Year-Over-Year Performance
U.S. hotel performance metrics showed broad growth for the week of October 13-19, with RevPAR increasing 3.3% year-over-year. occupancy and ADR also trended upward, particularly in Top 25 markets like Las Vegas and Houston.
Key Takeaways
- 1Monitor year-over-year gains as occupancy rose 1.2% to 64.4% and ADR climbed 2.0% to $164.34.
- 2Focus on Las Vegas and Houston markets which led top 25 gains with double-digit RevPAR increases.
- 3Note the continued strength in urban markets despite a slight RevPAR decline in Detroit during this specific period.
Source: Lodging Magazine
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