US Hotel RevPAR Climbs 3.2% in Early May as Occupancy and ADR Rise
Revenue per available room (RevPAR) in the US increased 3.2% year-over-year for the week ending May 2, driven by a 1.2% rise in occupancy and a 2.0% increase in average daily rate (ADR). Luxury hotels saw the largest gains in both occupancy and pricing. Among major markets, Las Vegas recorded the largest year-over-year RevPAR increase while San Fra…