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Friday, September 20, 2024

STR: U.S. Hotel Performance Improves from the Previous Week

U.S. hotel performance improved from the previous week, and revenue per available room reached an all-time high on a nominal basis, according to STR‘s latest data through July 23 (percentage change from comparable week in 2019*):

  • Occupancy: 72.8% (-6.0%)
  • Average daily rate (ADR): US$158.79 (+16.4%)
  • Revenue per available room (RevPAR): US$115.59 (+9.3%) 
In addition to the weekly RevPAR level, occupancy was the highest since early August 2019.

Original source can be found here.

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