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STR: US hotels log positive results for week ended March 24


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STR: US hotels log positive results for week ended March 24

U.S. hotels logged positive performance for the week ended March 24, according to STR data.

Year over year, revenue per available room rose 5.4% to $92.53, and average daily rate moved higher by 4.4% to end the week at $133.42. Occupancy rose 1.0% to 69.4%.

San Francisco/San Mateo, Calif., saw the largest increase in ADR of the top 25 U.S. markets, rising 20.7% to $256.94. The market also recorded the largest RevPAR uptick at 29.3% to $227.95.

New Orleans saw the largest boost in occupancy, with the metric rising 8.8%, to 84.5%.

Los Angeles/Long Beach, Calif., saw RevPAR drop 7.4% to $144.24, the largest decrease. The market also logged the sharpest decline in occupancy, falling 7.3%, to 81.0%.

Denver recorded the biggest ADR decrease, losing 1.4% to $121.13.