Record holiday season for US hotel industry
More rooms sold at higher rates during the holiday week than ever before
Three years after the start of the pandemic, real revenue per available room — adjusted for inflation — is down just 6%. Three years after the start of the Great Recession, real RevPAR was down 18%.
Key takeaways
- Recovery so far has been led by demand from leisure travelers, or vacationers;
- STR data suggested a pickup in demand from business and group travelers, particularly in the fourth quarter of 2022.
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