Early January is generally a slow period for the hotel industry. Thus, this week’s robust gain (+6.3%) in average daily rate (ADR) came as a surprise given occupancy was down 1.5 percentage points (ppts). A closer look revealed that most of the growth was due to a single market Las Vegas, which hosted the annual Consumer Electronics Show (CES) a week later than in 2023. U.S. revenue per available room (RevPAR) advanced 3.3% due to the ADR boost.
Happy news to share in Cape Meares. Locals Pam Robenolt and Sean Kohles tied the marital knot on Magic Island in Honolulu, Hawaii, on Dec. 28, 2023. Sean’s two sons,
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