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STR: US hotels post mixed YOY results in 3 weekly metrics

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Six trends shaping the industries and sectors we cover in 2021

Capital Markets View – January 2021


STR: US hotels post mixed YOY results in 3 weekly metrics

U.S. hotels posted mixed year-over-year results in threeweekly performance metrics in the week ended March 26, after registering growthacross all metrics in the previousweek, STR Inc. reported March 31.

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 RevPAR declined 4.4% to $80.96 and occupancy dropped 5.6% to 65.5% duringthe week, but ADR rose 1.3% to $123.57. The Easter holiday calendar shift from April5 in 2015 to March 27 in 2016 affected the industry's performance for the week,STR said.

Hotels in Norfolk/Virginia Beach, Va., posted the biggestyear-over-year growth in all three metrics among the top 25 markets. RevPAR increased 18.0% to$52.61, ADR climbed 8.5% to $87.21 and occupancy was up 8.8% to 60.3%.

The market in Anaheim/Santa Ana, Calif., recorded the onlyother double-digit increase in RevPAR, up 11.5% to $136.13.

Trending the other way, hotels in Chicago, Houston, St.Louis, New Orleans and Denver all posted RevPAR losses of more than 15.0%. Chicagoalso reported the only double-digit decrease in ADR, down 11.1% to $114.50.

In terms of occupancy, the markets in Houston; St. Louis;Chicago; and Minneapolis/St. Paul, Minn.-Wis., all logged double-digit decreasesin occupancy for the week.