trending Market Intelligence /marketintelligence/en/news-insights/trending/xfI-oieYx5Te4zbzj2t3bw2 content esgSubNav
In This List

STR: US hotels book YOY increases in 2 key metrics for week ended Dec. 7

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

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

Podcast

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

Blog

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


STR: US hotels book YOY increases in 2 key metrics for week ended Dec. 7

U.S. hotels posted positive performance in two key metrics for the week ended Dec. 7, according to STR data.

Year over year, average daily rate rose 1.6% to end the week at $128.66, and revenue per available room ticked up 1.4% to $77.56. Occupancy declined 0.2%, to 60.3%.

Chicago saw the largest uptick in ADR of the top 25 U.S. markets, increasing 29.5% to $154.74. The market also posted the steepest RevPAR uptick at 49.9% to $111.75 and the largest rise in occupancy, with the metric increasing 15.8%, to 72.2%.

San Diego recorded the biggest ADR decrease, losing 12.4% to $141.79. The market also saw RevPAR fall 23.2% to $93.86, the largest decrease, and reported the biggest decline in occupancy, falling 12.3%, to 66.2%.