Photo Credit: A king room at Park 55, a Hilton-affiliated hotel in San Francisco that has faced cost-pressures since the pandemic. Parc 55
Ten weeks of data show remarkably strong demand from business and leisure travelers. It's not just a World Cup bump.
LinkedIn X Facebook Email Which macroeconomic risks pose the greatest threat to derailing this broad-based hotel recovery? What specific factors are driving the mid-market's improved performance after years of lagging luxury? How sustainable is the strong Monday-through-Thursday business-travel demand heading into the rest of the year? Select a question above or ask something else
The U.S. hotel industry is posting some of its strongest numbers in years, and for the first time in the current recovery cycle, the gains are showing up across every tier — economy, midscale, upscale, and luxury.
Revenue per available room (RevPAR) on a trailing 10-week average through June 13 was up 6.7% year-over-year, per CoStar. That was for the entire U.S. hotel sector and well above the norm over the past few years. For the week ending June 20, the year-over-year gain hit 9.7%.
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Tags: business travel , Chris Nassetta , Christopher Nassetta , demand , hilton , leisure travel , leisure travelers , marriott , us travel
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