Overview

• U.S. RevPAR fell 3.3% in the week ending July 19, driven by a 1.8% drop in demand and a 0.7% decrease in ADR as occupancy dipped to 71.6% despite a 0.8% increase in supply.
• Las Vegas, Houston and Los Angeles led the downturn with RevPAR losses of 17.1%, 38.3% and 8.9% respectively, representing nearly half of the overall decline.
• Excluding those three markets, U.S. RevPAR would have declined by only 1.9% and ADR outside major metros was down 0.2%.
• Non-U.S. RevPAR rose 0.5% for a third week on ADR gains, with Japan’s EXPO 2025 markets and ten Canadian cities posting strong increases, while France, Germany and China saw declines.
• Analysts predict tougher year-over-year comparisons in September and October against hurricane-boosted baselines as industry leaders forecast a rebound beginning after July.