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STR Commentary on U.S. Hotel Performance for February 2024

2024-03-27 18:52:52| Hotel Resource

RevPAR improved 2.0% year over year (YoY) in February, reflecting the continued return to pre&COVID patterns of low single&digit gains. Remove Las Vegas from the equation, however, and February RevPAR was down 1.4% YoY. The overall RevPAR increase was due to a solid YoY increase (+3.9%) in ADR, which was partially offset by an occupancy decline of 1.1 percentage points to 58.9%.


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