STR: US results for week ending 5 January
Among the Top 25 Markets, San Diego, California, jumped 29.9 percent in occupancy to 60.5 percent, reporting the largest increase in that metric, followed by Anaheim-Santa Ana, California (+21.4 percent to 69.9 percent), and San Francisco/San Mateo, California (+20.7 percent to 58.2 percent). Philadelphia, Pennsylvania-New Jersey, posted the largest occupancy decrease, falling 10.0 percent to 37.7 percent.
Three markets experienced ADR increases of 25 percent or more: New York, New York (+39.7 percent to US$264.51); Miami-Hialeah, Florida (+31.8 percent to US$267.53); and Oahu Island, Hawaii (+25.0 percent to US$265.69). New Orleans, Louisiana, reported the only double-digit ADR decrease, falling 12.4 percent to US$146.93.
Five markets experienced RevPAR increases of 40 percent or more: New York (+66.8 percent to US$207.22); Nashville, Tennessee (+47.0 percent to US$46.88); Miami-Hialeah (+44.0 percent to US$225.38); Anaheim-Santa Ana (+43.8 percent to US$83.92); and San Francisco/San Mateo (+43.0 percent to US$84.92). Philadelphia fell 10.5 percent to US$37.67, posting the largest decrease in that metric.
Rachael Spann Urie
Director, Public Relations
Phone: +1 (615) 824-8664 ext. 3305
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 16 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.