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STR: US hotels register YOY increases in 3 key metrics for week ended Dec. 14

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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 register YOY increases in 3 key metrics for week ended Dec. 14

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

Year over year, revenue per available room increased 11.2% to $75.87, and average daily rate rose 5.3% to end the week at $125.37. Occupancy increased 5.6%, to 60.5%.

San Francisco/San Mateo, Calif., logged the highest RevPAR uptick of the top 25 U.S. markets at 44.4% to $229.19 and saw the largest rise in ADR, increasing 22.8% to $257.98. The market also posted the largest uptick in occupancy, with the metric rising 17.6%, to 88.8%.

Minneapolis/St. Paul, Minn., saw RevPAR drop 9.8% to $63.35, the largest decrease. The market also posted the sharpest decline in occupancy, dropping 6.0%, to 58.5%.

Seattle posted the biggest ADR decrease, dropping 5.6% to $140.63.