- The U.S. hotel industry experienced a 2.5% decrease in occupancy and a 1.3% drop in Revenue per Available Room (RevPAR) in September 2024 compared to the same month in 2023.
- Despite the decline in occupancy and RevPAR, the industry saw a 7% YoY increase in rooms under construction, marking seven consecutive months of growth.
The U.S. hotel industry experienced lower occupancy rates and RevPAR in September 2024 than the previous year. This decline was primarily due to a change in the calendar composition of the month, which featured one less weekend than September 2023. While…
