Americas Lodging: US RevPAR -6.2% y/y for the week ending 9/12/2026

STR results for the week ending September 12th, 2026 showed that US RevPAR decreased by -6.2% y/y, driven by a -4.6% decrease in occupancy and a -1.7% decrease in ADR. Within the mix, Upper Upscale RevPAR declined -15.0%, Upscale declined -10.5%, Luxury RevPAR declined -6.6%, Upper Midscale declined -6.0%, and Midscale declined -0.4%. Economy RevPAR grew +4.6%. We note that the y/y comparison was likely impacted by a shift in the Labor Day holiday, which occurred on September 7th in 2026 (vs. September 1st last year). US RevPAR in the top 25 markets finished the week down -10.6% y/y, with Las Vegas, Phoenix, and Chicago underperforming other markets at -32.8% y/y, -29.5% y/y, and -25.5% y/y, respectively. New York was the best performer in the top 25 markets at +11.5% y/y. Total US occupancy for the week was down -4.6% y/y, with Upper Upscale down -11.2%, Luxury down -10.5%, Upscale down -8.3%, Upper Midscale down -5.1%, and Midscale down -1.7%;