XLY•U.S. hotel revenue per available room rose 7.1% year over year in Q3 2026, its strongest growth since early 2023. Demand increased 3.1%, occupancy rose 2.7% to 67.7%, and average daily rates climbed 4.3% to $169.
U.S. hotel RevPAR increased 7.1% year over year in Q3 2026, the strongest growth since early 2023. Demand grew 3.1%, outpacing 0.4% supply growth, while occupancy rose 2.7% to 67.7% and average daily rates increased 4.3% to $169 per room.
Rising operating expenses continued to pressure margins, with nearly half of surveyed hotel owners identifying costs as a key profitability constraint.
