trending Market Intelligence /marketintelligence/en/news-insights/trending/ndOdD0dZ_ZqqlsU005Wfdw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

STR: US hotels see increase in 3 metrics for the week ended Dec. 10

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


STR: US hotels see increase in 3 metrics for the week ended Dec. 10

U.S. hotels posted positive performance for the week ended Dec. 10, according to STR data.

Year over year, revenue per available room rose 5.7% to $71.08, and the average daily rate rose 3.9% to end the week at $120.12. Occupancy increased 1.7% to 59.2%.

STR analysts noted that performance was helped by the comparison to this week in 2015, which included Hanukkah.

San Diego, Calif., posted the steepest RevPAR uptick of the top 25 U.S. markets with a 42.9% surge that brought it to $111.96 and saw the largest gain in ADR, which increased 21.1% to $151.36. The market also posted the largest uptick in occupancy, with the metric rising 18.0% to 74.0%.

New Orleans saw RevPAR fall 26.6% to $81.34, the largest decrease. The market also recorded the biggest ADR decrease, losing 15.4% to $130.92, and reported the sharpest decline in occupancy, which dropped 13.2% to 62.1%.