In the week ending 8 June 2024, U.S. revenue per available room (RevPAR) increased 1.7% year over year (YoY), driven entirely by a 1.8% lift in average daily rate (ADR). Like in past weeks, RevPAR growth was led entirely by the Top 25 Markets, where RevPAR was up 4.3% on both advancing occupancy and ADR (+1.5ppts and +2.2%, respectively). In contrast, the rest of the nation saw RevPAR retreat 0.3% on falling occupancy (-0.9ppts) with ADR up 1% YoY. Total U.S. occupancy reached 69.1%, which was the highest of the year so far but well below what was seen in the same week of 2019 (71.9%).
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