trending Market Intelligence /marketintelligence/en/news-insights/trending/ezojmg-agtnikxxzqxcm2a2 content esgSubNav
In This List

STR: US hotels log mostly positive performance for week ended Feb. 24

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


STR: US hotels log mostly positive performance for week ended Feb. 24

U.S. hotels posted mostly positive performance for the week ended Feb. 24, according to STR data.

Year over year, revenue per available room increased 2.0% to $83.31, and average daily rate rose 1.9% to $127.03. Occupancy stayed flat at 65.6%.

Houston saw the largest RevPAR increase of the top 25 U.S. markets at 21.3% to $87.16 and posted the largest uptick in occupancy, with the metric rising 15.0% to 75.8%.

Miami/Hialeah, Fla., saw the largest rise in ADR, increasing 15.2% to $280.77.

New Orleans saw RevPAR decrease 12.8% to $137.21, the largest decrease, and posted the biggest ADR decrease, declining 17.7% to $167.63.

On the occupancy front, Orlando, Fla., reported the steepest decline, falling 4.4% to 89.2%.