June RevPAR Growth Slowed to 0.6% As Occupancy Declined 1.0% & CBRE U.S. Hotels State of the Union August 2024 Edition

While holiday shifts have made for variable RevPAR growth over the past few months, YTD RevPAR is up 0.5%, roughly in line with June. RevPAR growth for upper&price tier hotels outperformed while lower&tier hotels continued to struggle. Urban hotels outperformed again in June posting 2.8% RevPAR growth.