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The devastating wildfires in Los Angeles appear to have had limited impact on hotel performance as of the week ending 11 January 2025.

U.S. and European results hampered by holiday hangover; calendar shifts also played a role in U.S. results; limited impact from Los Angeles wildfires; Japanese hotels still strong.

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U.S. hotels rebound post-holiday lull; most of L.A. area elevated with wildfire displacement demand, tourist-heavy areas down; global RevPAR up on ADR, Japanese hotels still leading.

MLK holiday drove a strong Sunday and weakness thereafter in the U.S.; largest global occupancy decline in 10 months, RevPAR still grew.

U.S. hotel December RevPAR was up 4.4%, which was the country’s largest YoY gain since March 2023.

December provided a strong end to 2024 across the Asia Pacific region with 16 of the 20 largest countries (based on hotel room supply) reporting year-over-year growth in revenue per available room (RevPAR).

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U.S. group demand returned, topping 2019 levels; Lunar New Year lifted Asian markets.

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U.S. RevPAR grew when removing Super Bowl comps; highest global occupancy thus far in 2025.