Top-Line Metrics (April 2024 vs. April 2023):
- Occupancy: 65.2% (+1.2%)
- Average daily rate (ADR): $157.31 (+0.8%)
- Revenue per available room (RevPAR): $102.51 (+2.0%)
Bottom-Line Metrics (April 2024 vs. April 2023):
- TRevPAR: $230.13 (+3.7%)
- GOPPAR: $87.54 (+0.8%)
- EBITDA PAR: $64.72 (+1.7%)
- LPAR: $75.15 (+7.0%)
Key Points
- April’s RevPAR gain offset March’s decline.
- Top 25 Markets driving YTD growth.
- Bifurcated chain scale performance: Upper tier up, lower tier down.
Overview
U.S. RevPAR rose 2% year over year (YoY) after declining in March (-2%). That loss then gain pattern can be partly attributed to the Easter…
