STR: RevPAR Reaches an All-Time High for the Second Consecutive Week
HENDERSONVILLE, Tennessee—U.S. hotel revenue per available room (RevPAR) reached an all-time weekly high on a nominal and inflation-adjusted basis, according to STR’s latest data through June 18, 2022. U.S. Hotel Performance June 12-18, 2022 Percentage change from comparable week in 2019: Occupancy: 71.8 percent (down 4.8 percent) ADR: $155.02 (up 14.9 percent) RevPAR: $111.29 (up 9.4 percent) The occupancy level was the highest of the pandemic-era thanks to the country’s highest weekly demand (28 million […]
The post STR: RevPAR Reaches an All-Time High for the Second Consecutive Week appeared first on LODGING Magazine.
Web Exclusive: Westin La Paloma renovation nears completion
The Westin La Paloma Resort & Spa in Tucson, AZ, began a comprehensive renovation in 2022. Leadi
Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy Consumption
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total o
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially
