U.S. hotels in July recorded year-over-year increases in average daily rate, occupancy and revenue per available room, according to STR parent CoStar.
July marked the sixth consecutive month of gains in key performance metrics at U.S. hotels. RevPAR rose 8.2 percent year over year to $119.77, driven by a 5.7 percent increase in ADR to $171.74 and a 2.3 percent rise in occupancy to 69.7 percent.
RevPAR in 22 of STR's top 25 markets increased year over year. New York City, near FIFA's World Cup Final site, posted the largest growth in ADR (24 percent to $351.18) and RevPAR (27.1 percent to $305.74). Detroit recorded a 10.7 percent year-over-year gain in occupancy to 70.7 percent.
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