Food & Beverage What Factors Contributed to U.S. Hotel Industry Growth This December?
For the week ending December 14th, the U.S. hotel industry demonstrated positive year-over-year growth, driven by an increase in occupancy, average daily rate (ADR), and revenue per available room (RevPAR). Occupancy surged by 8.5% to 59.5%, ADR grew by 8.9%, and RevPAR saw significant growth,
Dec 20, 2024