U.S. hotel commentary – November 2024

The U.S. presidential election, a year-over-year Thanksgiving calendar shift, ongoing hurricane recovery efforts, and an extra weekend all factored into the equation as U.S. revenue per available room (RevPAR) increased 2.5% in November. Like in October, occupancy growth was the main driver as the gain in average daily rate (ADR) was under 1%. Even with the stronger occupancy, the measure remained 2 percentage points (ppts) in arrears versus November 2019.