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U.S. Hotel Industry Boasts Strong December Start and Group Demand Surge :: Hospitality Trends

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U.S. Hotel Industry Boasts Strong December Start and Group Demand Surge :: Hospitality Trends

by Robert Van Pash (Editor)
December 16, 2024
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  Globally, excluding the U.S., RevPAR advanced by 9.1%. Japan and Canada led the way with significant RevPAR growth

  • The U.S. hotel industry posted solid performance during the first week of December 2024 despite a slow start due to the Thanksgiving weekend. The Revenue Per Available Room (RevPAR) increased by 4.3%, with the Average Daily Rate (ADR) being the primary driver of this growth.

  • Despite a slight decline in transient demand, group demand among Luxury and Upper Upscale hotels continues to grow. This trend has been consistent throughout the year, with the last four days of the week showing a 17.9% increase in group demand compared to…

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