RevPAR showed modest year&over&year (YoY) growth in January, reflecting a return to pre&COVID patterns of low single&digit gains. RevPAR was lifted by a healthy ADR increase, which was partially offset by an occupancy decline. Demand across the U.S. has declined year over year for the past 10 months. Fortunately, supply increases have remained modest and are expected to remain low for the rest of the year as the pace of rooms in construction has slowed.
STR Commentary on U.S. Hotel Performance for January 2024
- Categories: Hotels
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