trending Market Intelligence /marketintelligence/en/news-insights/trending/FG9e9OUxHYqKEbuz61umjg2 content esgSubNav
In This List

STR: US hotels log increases in 2 key metrics for week ended Jan. 5

Blog

Japan M&A By the Numbers: Q1 2022

Blog

Global M&A by the Numbers: Q2 2022

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Infographic 2022 Top Tech Trends Shaping Corporations


STR: US hotels log increases in 2 key metrics for week ended Jan. 5

U.S. hotels logged largely positive performance for the week ended Jan. 5, according to STR data.

Year over year, average daily rate increased 5.6% to end the week at $130.69, and revenue per available room rose 5.2% to $63.79. Occupancy declined 0.4%, to 48.8%.

Miami/Hialeah, Fla., saw the largest uptick in ADR of the top 25 U.S. markets, adding 14.0% to $320.24, and New Orleans saw the largest increase in occupancy, with the metric rising 9.4%, to 68.8%.

Phoenix saw the steepest RevPAR increase at 13.7%, to $67.06.

Philadelphia, Pa.-N.J., posted the biggest ADR decrease, declining 11.9% to $108.01. The market also saw RevPAR drop 33.2% to $44.40, the largest decrease, and reported the sharpest decline in occupancy, dropping 24.1% to 41.1%.