financeHotel Business··1 min·For: Owner, GM, Revenue, Investor
US RevPAR Up 6.3% Driven by World Cup Surge in NYC
U.S. hotel performance posted positive year-over-year gains for the week ending July 25, led by strong RevPAR and ADR growth. New York City recorded massive surges due to the World Cup final, while Las Vegas saw notable declines due to tough event comparisons.
Key Takeaways
- 1U.S. RevPAR increased 6.3% to $125.72, while ADR rose 4.9% to $173.47 and occupancy climbed 1.3% to 72.5%.
- 2New York City led major markets with a 35.0% RevPAR spike, boosted by a 179.6% gain on the night of the World Cup final.
- 3Las Vegas posted the steepest declines, with RevPAR falling 20.4% due to strong concert comparisons from the previous year.
Source: Hotel Business
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