Day: July 1, 2021

Hotel rooms in urban markets have cheaper room rates, revenues

Can’t find an affordable beach hotel this summer? Your next best bet might be staying in an urban market. 

Twenty-one of the 25 top U.S. hotel markets are still in a depression or recession, with revenue per available room – or revpar – far below pre-pandemic peaks, according to a new report from the American Hotel & Lodging Association based on May data.

While leisure travel has been rallying in recent months, the majority of the top U.S. hotel markets are in urban areas and face a slower rate of recovery as they wait for business and group meeting travel

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