trending Market Intelligence /marketintelligence/en/news-insights/trending/lfo_HJQCY0GXwzIiudtmpw2 content esgSubNav
In This List

STR: US hotels record YOY declines in 3 key metrics for week ended Oct. 12

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet


STR: US hotels record YOY declines in 3 key metrics for week ended Oct. 12

U.S. hotels posted negative performance for the week ended Oct. 12, according to STR data.

Year over year, revenue per available room declined 2.6% to $92.99, and average daily rate fell 1.2% to end the week at $131.38. Occupancy dropped 1.4%, to 70.8%. STR analysts attributed performance drops in many markets to the Yom Kippur calendar shift.

New Orleans saw RevPAR decline 23.9% to $103.75, the largest decrease. The market also posted the biggest ADR decrease, dropping 11.3% to $151.15, and reported the steepest fall in occupancy, dropping 14.2%, to 68.6%.

St. Louis, Mo.-Ill., posted the highest RevPAR uptick of the top 25 U.S. markets at 13.3% to $83.16 and saw the largest rise in ADR, adding 6.9% to $113.45.

Tampa/St. Petersburg, Fla., recorded the largest boost in occupancy, with the metric rising 6.5%, to 69.3%.