Particle.news
Download on the App Store
3 ARTICLES
·
4w ago

U.S. Hotels Post First RevPAR Gain in Three Weeks as Rates Edge Higher

Higher room rates nudged results up despite ongoing occupancy declines.

Image

Overview

  • For the week ending August 30, occupancy was 63.4% (-0.8%), ADR was $155.87 (+1.0%), and RevPAR was $98.88 (+0.2%), marking the first RevPAR increase in three weeks.
  • ADR drove the weekly improvement as occupancy fell for the tenth straight week, underscoring rate-led gains rather than demand growth.
  • Excluding Houston and Las Vegas, national RevPAR rose 1.0%, highlighting the outsized drag from those two markets on the U.S. average.
  • Event-driven strength lifted New York City, Orlando, and Chicago, with New York logging its second-highest Labor Day demand ever alongside the U.S. Open and major concerts.
  • Houston saw the steepest declines due to tough post–Hurricane Beryl comps (occupancy -12.0% to 56.3%, RevPAR -16.7% to $63.48), and Las Vegas posted the largest ADR drop (-6.8% to $184.28); Labor Day weekend overall was average with occupancy at 70.8% and RevPAR up 0.7%.