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STR: US hotels log positive results in 2 key metrics for week ended June 9

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Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021

Capital Markets View – January 2021


STR: US hotels log positive results in 2 key metrics for week ended June 9

The U.S. hotel sector recorded positive results in two out of three key performance metrics for the week ended June 9, according to STR data.

Year over year, average daily rate ticked up 2.5% to end the week at $131.38, and revenue per available room rose 2.3% to $95.82. Occupancy fell 0.2%, to 72.9%.

Orlando, Fla., saw the largest rise in ADR of the top 25 U.S. markets, increasing 16.2% to $131.28. The market also recorded the largest RevPAR increase at 25.7% to $107.77 and the largest increase in occupancy, with the metric rising 8.1%, to 82.1%.

Denver posted the biggest ADR and RevPAR declines, dropping 5.2% to $139.72, and 12.0% to $117.03, respectively. Seattle reported the largest decline in occupancy, dropping 8.4%, to 84.1%.