In the third quarter of 2019, U.S. hotel occupancy was mostly flat (-0.1% to 70.9%), but a 0.8% year-over-year ADR lift to $133.25 pushed RevPAR up 0.7% to $94.42. continue reading →
Only hotels in the South Atlantic region experienced a positive price momentum during this period. The performance of hotels in non-gateway cities declined at a faster rate relative to those in gateway cities. Hotel financial operating performance has finally returned to positive profitability with operating profit exceeding both a hotel propertys operating costs as well as financial (borrowing) cost, based on economic value analysis (EVA). continue reading →
During the week of 6-12 October, U.S. hotel occupancy fell 1.4% to 70.8%, ADR dipped 1.2% to $131.38 and RevPAR decreased 2.6% to $92.99. continue reading →
U.S. hotel occupancy decreased 3.9% to 68.1% during the week ending 5 October. ADR similarly dropped 3.8% to $129.21, which led to an overall RevPAR decline of 7.5% to $88. continue reading →
U.S. hotel occupancy dipped 0.4% to 71.2%, ADR decreased 0.5% to $136.63 and RevPAR fell 0.8% to $97.26 during the week of 22-28 September. continue reading →
Any concern over a weakening U.S. economy has not yet infiltrated U.S. hotel industry profits. GOPPAR increased 1.4% year-over year in August, matching RevPAR growth, which also clocked in with a positive 1.4% gain, according to monthly data from HotStats. continue reading →
In the week ending 21 September, the U.S. hotel industry recorded 2.1% ocupancy growth to 71.3% and a 4.8% increase in ADR to $134.70, which lifted RevPAR 7% to $96.04 year over year. continue reading →
HVS C&V leaders offer the pulse of their markets heading into the fall season. Out of 23 markets discussed, ten are rated as hot, nine are rated as mild, and the remaining four are rated as cooling. continue reading →
U.S. hotel occupancy was flat at 69.6% during the week of 8-14 September, ADR increased 0.8% to $132.59 and RevPAR rose 0.8% to $92.26. continue reading →