Top-Line Metrics (February 2024, percentage change from February 2023):
- Occupancy: 58.9% (-1.8%)
- Average daily rate (ADR): US$158.23 (+3.9%)
- Revenue per available room (RevPAR): US$93.19 (+2.0%)
Key points
- February produced modest RevPAR growth, reflecting the continued return to low single-digit gains.
- Without Las Vegas and the Super Bowl, U.S. RevPAR would have been fallen.
- The Top 25 Markets continued to outperform all others with Las Vegas once again lifting the aggregate.
- Group demand and ADR maintained an edge over the Transient counterparts.
- Upper Upscale and Upscale chains led industry performance, boosted by group demand and continued weekday recovery.
- Planning activity in the pipeline is growing consistently, which will result in more robust supply growth in 2025 and beyond.
