Papal visit pays off for American hoteliers

Among the three Top 25 Markets that hosted Pope Francis during his visit to the United States, Philadelphia, experienced the most significant year-over-year increases in revenue per available room, according to data from STR, Inc.

New York and Washington, DC also reported double-digit RevPAR growth during days on which Pope Francis visited the respective markets.

Compared with the same days from 2014, Philadelphia posted a 79.1 per cent RevPAR increase to US$163.60 on Friday, September 25th, as well as a 78.8 per cent increase to US$182.33 on Saturday, September 26th.

For the week of September 20th-26th, Philadelphia reported the highest RevPAR increase (up 35.2 per cent to US$121.61) for any of the US Top 25 Markets.

New York reported a 20.5 per cent RevPAR increase to US$374.17 on Thursday, September 24th, and a 29.2 per cent increase to US$366.26 on Friday, September 25th.

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On Wednesday, September 23rd, Washington, DC, saw an 11 per cent RevPAR increase to US$140.52.