U.S. Hotel RevPAR Rises 6.3% as NYC Leads Top Markets
National hotel RevPAR reached $125.72 for the week ending July 25, driven by strong rate growth in New York City despite weekly national declines.
The short answer
U.S. hotel RevPAR increased 6.3 percent year over year for the week ending July 25, reaching $125.72. New York City led the top markets in rate growth, while Las Vegas saw steep declines due to tough year-over-year event comparisons.
The short version
- U.S. RevPAR increased 6.3 percent year over year to $125.72.
- New York City ADR surged 142.2 percent on the night of the World Cup final.
- Las Vegas RevPAR dropped 20.4 percent against tough prior-year concert comparisons.
U.S. hotel revenue per available room (RevPAR) increased 6.3 percent year over year to $125.72 for the week ending July 25, according to CoStar data. While national occupancy climbed 1.3 percentage points to 72.5 percent, average daily rate (ADR) grew 4.9 percent to $173.47 compared to the exact same period last year. Despite these year-over-year gains, both rate and revenue metrics experienced slight declines from the immediately preceding week.
How did national performance metrics shift week over week?
National performance showed mixed results when comparing the week ending July 25 to the week prior, Asian Hospitality reported [1]. Occupancy managed a slight increase, moving to 72.5 percent from 72.4 percent the previous week [2]. However, ADR fell to $173.47 from $174.49 during that same timeframe [1]. RevPAR also dropped week over week, declining to $125.72 from $126.33 [2]. All three of these primary performance indicators remained higher than their levels from the previous year [1].
Which major market led the country in rate growth?
New York City recorded the highest gains in both ADR and RevPAR among the top 25 markets in the United States, according to Asian Hospitality [1]. The market saw its ADR rise by 28.1 percent to reach $375.12 [2]. RevPAR in New York City increased by 35 percent to hit $348.62 [1].
What drove the sudden Sunday spike in New York?
The city experienced a massive surge in hotel performance on Sunday, July 19, coinciding with the World Cup final match between Spain and Argentina [1]. On that single night, New York City's ADR climbed 142.2 percent [2]. RevPAR for the night gained 179.6 percent [1].
Where did occupancy grow the fastest?
Philadelphia secured the largest occupancy increase among the major markets tracked by CoStar [2]. The city's occupancy rate rose by 9 percent, bringing total occupancy to 77.1 percent for the week [1].
Why did Las Vegas report the steepest metric declines?
Las Vegas experienced the sharpest drops across all three major performance metrics due to difficult year-over-year comparisons [1]. The declines reflected comparisons against the same period last year when the city hosted concerts by Beyoncé and the Backstreet Boys [2]. Consequently, occupancy in Las Vegas fell 15.9 percent to 65.7 percent [1]. ADR declined 5.4 percent to $176.38, and RevPAR dropped 20.4 percent to $115.88 [2].
| Metric | Week of July 25 | Previous Week | Year-Over-Year Change |
|---|---|---|---|
| Occupancy | 72.5% | 72.4% | +1.3 percentage points |
| ADR | $173.47 | $174.49 | +4.9% |
| RevPAR | $125.72 | $126.33 | +6.3% |
Reported by
This article was written from the following reporting. Follow the links for the original coverage.
- [1]US Hotel RevPAR Up 6.3% Year Over Year for July 25 Week— asianhospitality.com
- [2]CoStar: US Weekly Hotel RevPAR Rises 6.3% Year-over-Year— asianhospitality.com
Frequently asked
+What was the U.S. hotel occupancy rate for the week of July 25?
The national hotel occupancy rate rose to 72.5 percent for the week ending July 25, an increase of 1.3 percentage points year over year [[1]].
+How much did U.S. hotel RevPAR increase year over year?
U.S. hotel RevPAR increased by 6.3 percent year over year, reaching $125.72 for the week ending July 25 [[2]].
+Which U.S. market had the largest ADR gain?
New York City posted the largest ADR gain among the top 25 markets, rising 28.1 percent to $375.12 [[1]].
+What caused the hotel rate spike in New York City on July 19?
New York City saw ADR climb 142.2 percent on Sunday, July 19, which was the night of the World Cup final between Spain and Argentina [[2]].
+Which city had the largest occupancy increase?
Philadelphia posted the largest occupancy gain, rising 9 percent to reach 77.1 percent for the week [[1]].
+Why did Las Vegas hotel performance decline?
Las Vegas metrics declined due to comparisons with the same period last year, which featured major concerts by Beyoncé and the Backstreet Boys [[2]].
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