The U.S. hotel industry has been on a rollercoaster ride for the past eight weeks. The week ending 22 February 2025 produced nearly flat (-0.3%) revenue per available room (RevPAR) following a 3.4% increase the previous week, a 2.8% decline the week before that, and a 4.0% gain three weeks ago. Several factors have been driving recent performance, including calendar shifts, the Super Bowl, recovery from the Los Angeles wildfires, and recovery from Hurricane Helene and Hurricane Milton.
