January 22, 2023
US Hotel Performance Rises in Week Ended January 14
Performance indicators for the U.S. lodging market were up week over week during the week ended Jan. 14, according to STR...

US Hotel Performance Rises in Week Ended January 14

January 19, 2023 | Zeeshan Murtaza | S&P Market Intelligence

Performance indicators for the U.S. lodging market were up week over week during the week ended Jan. 14, according to STR, which tracks the hospitality industry.

However, results were mixed when compared with the same period in 2019. STR measures the hotel industry’s recovery against comparable periods from 2019 due to the impact of the COVID-19 pandemic.

Occupancy increased to 54.8% from 47.2% in the previous week. However, it went down 5.5% from the 2019 level.

Compared to the 2019 week, the average daily rate, or ADR, increased 15.7% to $144.81, and revenue per available room climbed 9.3% to $79.38.

STR noted that none of the top 25 markets saw an occupancy increase from the 2019 period.

The highest ADR and RevPAR increases were reported by San Francisco. ADR there jumped 141.1% to $574.24, and RevPAR gained 91.9% to $373.97.

The biggest RevPAR declines from 2019 were recorded by Detroit and Seattle, slipping 32.6% to $55.32 and 21.8% to $78.26, respectively.

Recent

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now