U.S. performance
The U.S. hotel industry saw accelerated growth, as predicted, with revenue per available room (RevPAR) gaining 8.5% week on week (WoW) to US$87. That RevPAR level was the highest of the past nine weeks and 18.9% higher than the corresponding week a year ago. The gain was also driven by a combination of higher occupancy and average daily rate (ADR), with the latter increasing 3.9% WoW to US$151 (+11.9% YoY). Occupancy reached 57.8%, which was also a nine-week high. While the RevPAR gain was almost exactly what we expected, its makeup was different as the occupancy gain was less than anticipated and ADR was larger.
