trending Market Intelligence /marketintelligence/en/news-insights/trending/QtWjWf34gXr-WpR8GgRoZQ2 content esgSubNav
In This List

STR: US hotels see inauguration bump for the week ended Jan. 21

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


STR: US hotels see inauguration bump for the week ended Jan. 21

U.S. hotels logged positive performance for the week ended Jan. 21, according to STR data.

Year over year, revenue per available room rose 4.9% to $68.87, and average daily rate grew 4.6% to end the week at $122.34. Occupancy rose 0.3% to 56.3%.

Washington, D.C.,-Md.-Va., posted the steepest RevPAR increase of the top 25 U.S. markets at 156.4% to $177.20 and saw the largest rise in ADR, rising 115.7% to $272.40, aided by the presidential inauguration and the Women's March on Washington.

STR noted that when excluding the D.C. market, U.S. ADR growth for the week fell to 1.4%.

Norfolk/Virginia Beach, Va., posted the largest uptick in occupancy, with the metric rising 26.3% to 45.2%.

Miami/Hialeah, Fla., saw RevPAR decline 13.5% to $171.07, the largest decrease, and posted the biggest ADR decrease, falling 8.4% to $214.96.

On the occupancy front, Houston reported the steepest decline, dropping 8.6% to 58.2%.