HVS: U.S. Hotel RevPAR Up Over 10% Mid-September as Nearly 1,000 Hotels Sold in H1 2026

Bottom Line

HVS’s September pulse describes an industry that is still making money the old-fashioned way—filled rooms from sports and domestic leisure—while restacking labor with contracts and machines and clearing hotel sales at mid-8% caps. Owners should underwrite fall meetings strength and next-year ADR moderation in the same model, not as competing stories.