trending Market Intelligence /marketintelligence/en/news-insights/trending/wbT7Nn__ojtzSLnohgWEew2 content esgSubNav
In This List

STR: US hotels book YOY decrease in 2 key metrics for week ended Oct. 19

Blog

Funding Social and Affordable Housing: A Credit Perspective

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model


STR: US hotels book YOY decrease in 2 key metrics for week ended Oct. 19

U.S. hotels recorded negative performance in two key metrics for the week ended Oct. 19, according to STR data.

Year over year, occupancy fell 0.9%, to 72.4%, and average daily rate rose 0.2% to finish the week at $135.99. Revenue per available room declined 0.7% to $98.51.

Denver recorded the largest increase in occupancy of the top 25 U.S. markets, with the metric rising 7.4%, to 83.7%.

Washington, D.C.-Md.-Va., saw the largest increase in ADR, increasing 16.6% to $206.45, and the steepest RevPAR rise at 18.5% to $168.38.

Minneapolis/St. Paul, Minn.-Wis., reported the largest decline in occupancy, falling 10.9%, to 69.9%, and saw RevPAR drop 15.4% to $87.63, the biggest decrease.

Boston posted the biggest ADR decrease, falling 7.3% to $232.72.