Two-Speed Recovery: What September’s Hotel Data Says About the State of the Industry

September’s hotel data shows a clear shift in momentum. RevPAR declined roughly 2% year-over-year, marking the fourth consecutive month of negative growth since April. The pattern signals that the U.S. hotel industry recovery is no longer moving in unison — luxury and upper-upscale properties continue to hold firm, while midscale and economy hotels are losing […]