For a second consecutive week, Japan led the top countries in RevPAR growth (+22.9%) with ADR again the primary driver as occupancy was soft.
U.S. hotel performance in the week ending 16 November 2024 was impacted by calendar shifts like the Formula 1 Grand Prix race in Las Vegas, Veterans’ Day, and Thanksgiving, leading to flat RevPAR (+0.4%). However, excluding Las Vegas, RevPAR rose 4.3%.
Global RevPAR, excluding the U.S., advanced 10.2%, marking the third consecutive week of double-digit growth. RevPAR growth was led by Japan, with significant lifts also observed in Mexico, Indonesia, Italy, and Canada.
