U.S. hotels saw big year-over-year (YoY) gains with revenue per available room (RevPAR) up 4.8%, driven entirely by a 5.1% increase in average daily rate (ADR). Occupancy sat at 56.2%, essentially matching the same week last year, down just 0.2 percentage points (ppts). As has been seen several times over the past couple months, the Las Vegas market with twice as many rooms as the next largest market and hosting large events had a significant impact on overall industry performance.
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