trending Market Intelligence /marketintelligence/en/news-insights/trending/dKIK_Ko7FShBLSr_Nme23w2 content esgSubNav
In This List

STR: US hotels see increase in 3 key metrics for the week ended Jan. 28

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


STR: US hotels see increase in 3 key metrics for the week ended Jan. 28

U.S. hotels recorded positive performance for the week ended Jan. 28, according to STR data.

Year over year, revenue per available room rose 3.8% to $69.35, and average daily rate grew 2.3% to end the week at $119.93. Occupancy rose 1.4% to 57.8%.

New Orleans saw the largest uptick in ADR of the top 25 U.S. markets, increasing 18.7% to $176.19, while Washington, D.C.,-Md.-Va., logged the largest RevPAR uptick at 35.8% to $86.59. Norfolk/Virginia Beach, Va., saw the largest increase in occupancy, with the metric rising 19.0% to 44.7%.

Miami/Hialeah, Fla., saw RevPAR drop 13.1% to $170.62, the largest decrease, and recorded the biggest ADR decrease, falling 8.8% to $214.15.

On the occupancy front, Houston reported the sharpest decline, falling 5.2% to 61.9%.