Hotel Industry Sees Record-High Increases In RevPAR, ADR

Hoteliers are sighing in relief as the latest industry data shows positive recovery momentum.

For the fourth time this year, hotel revenue per available room rates have seen a double-digit year-over-year gain. 

During the week of Sept. 13-19, the industry reported a 10.4% year-over-year RevPAR increase, according to data released by CoStar. The average daily rate was up 5.7% to $179.30, the highest nominal weekly ADR ever recorded in the U.S...

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RSK: Good for the Hotel Industry . . .but you have to admit, the FIFA World Cup did help matters.