Search

×

Briefs: Group demand boosts US; AAHOA names president, CEO

Groups drive US business: Hotel occupancy in the U.S. recorded a four-week high, as per STR’s data through September 18. Occupancy: 63% (-11.6%) Average daily rate (ADR): US$131.04 (-2.6%) Revenue per available room (RevPAR): US$82.50 (-13.9%) The rise in occupancy was boosted by weekly group demand going above 1 million for the first time since the pandemic. High group demand lowered ADR since group rooms for upper-tier classes are usually priced lower than transient rooms. Among the top 25 markets, New Orleans saw the largest gain in 2021 in occupancy (+7.3% to 72.6%) and RevPAR (+18.2% to US$114.37). Oahu Island witnessed the…
Access this content FREE on HotelsMag.com by Logging in or Registering Now

Related Posts

Bates expands on TMC’s launch of Drift brand
by HOTELS Editors in Featured - October 15, 2021