trending Market Intelligence /marketintelligence/en/news-insights/trending/HAzE7RaKMkYPYOA1dz-XqQ2 content esgSubNav
In This List

STR: US hotels log mixed results for the week ended Jan. 14


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

STR: US hotels log mixed results for the week ended Jan. 14

U.S. hotels recorded mostly positive performance for the week ended Jan. 14, according to STR data.

Year over year, average daily rate grew 2.8% to end the week at $122.29, and revenue per available room rose 1.9% to $69.24. Occupancy declined 0.9% to 56.6%.

Tampa/St. Petersburg, Fla., saw the largest uptick in ADR of the top 25 U.S. markets, rising 23.7% to $152.13. The market also logged the steepest RevPAR uptick at 28.2% to $120.35.

Norfolk/Virginia Beach, Va., recorded the largest increase in occupancy, with the metric rising 9.5% to 42.8%.

Phoenix logged the biggest ADR decrease, falling 8.0% to $139.62, and saw RevPAR fall 16.9% to $98.42, the largest decrease.

Houston reported the steepest decline in occupancy, dropping 11.4%, to 56.4%.