U.S. hotels' revenue per available room (RevPAR) rose 8.2% last year, as San Francisco, Miami, Detroit and Nashville showed especially strong improvement, research firm STR reported.
Hotel-room occupancy rose 4.4 points and surpassed the 60% mark for the first time since 2007. Room rates increased 3.7% to almost $102.
In North America, San Francisco-San Mateo showed the most improvement with a 20% jump in RevPAR.
RevPAR at Nashville and Miami-Hialeah increased 15% and 14%, respectively. Detroit had a 10-point occupancy increase, the largest in North America.
None of the largest 25 North America hotel markets recorded a drop in RevPAR.
U.S. RevPAR will grow 4.3% this year, with room rates expected to rise 3.8% and occupancy to be little changed, forecasted STR.
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