trending Market Intelligence /marketintelligence/en/news-insights/trending/w2HwJ01XDbPjFqljwNIsLA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

STR: US hotels log mixed results for week ended March 16

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021

Capital Markets View – January 2021


STR: US hotels log mixed results for week ended March 16

U.S. hotels recorded mostly negative performance for the week ended March 16, according to STR data.

Year over year, occupancy fell 0.9%, to 70.2%, and average daily rate, or ADR, rose 0.6% to end the week at $134.50. Revenue per available room, or RevPAR, declined 0.3% to $94.40.

Philadelphia saw the steepest decline in occupancy of the top 25 U.S. markets, dropping 9.4%, to 65.5%, and RevPAR in Boston decreased 12.6% to $118.41, the biggest fall.

Chicago posted the biggest ADR decrease, dropping 5.4% to $124.85.

Los Angeles/Long Beach, Calif., posted the largest uptick in occupancy, with the metric rising 3.3%, to 85.1%, and New Orleans saw the largest jump in ADR, increasing 9.5% to $178.41.

Denver recorded the largest RevPAR growth at 9.1% to $104.57.