Las Vegas leads a US hotel growth surge, followed by Philadelphia, Miami, and Chicago, driven by mega events, sports tourism, conventions, and a corporate travel rebound, STR reports record gains in RevPAR, ADR, and occupancy.
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Las Vegas hotels are driving a decline in the U.S. hospitality sector, as falling occupancy and revenue mark a continued downward trend, according to TravelPulse. Industry experts cite shifting traveler preferences and economic factors.