CoStar: Holiday week shows mixed hotel performance

U.S. HOTEL PERFORMANCE showed mixed results in the fourth week of December, according to CoStar. Occupancy declined compared to the previous week, while RevPAR and ADR recorded slight increases. Year-over-year metrics remained negative due to the holiday week.

Occupancy fell to 47.7 percent for the week ending Dec. 28, down from 48.9 percent the previous week, a 4.9 percent decline year-over-year. ADR increased to $160.96 from $135.79 week-over-week but was down 1.7 percent compared to last year. RevPAR rose to $76.83 from $66.36 the prior week, though it marked a 6.5 percent year-over-year decrease.

Tampa was the only top 25 market to report a double-digit year-over-year occupancy increase, rising 16.3 percent to 74 percent, with RevPAR up 22.6 percent to $124.36. Houston posted the highest ADR increase, rising 5.6 percent to $97.82.

Nashville saw the sharpest RevPAR decline, down 35.6 percent to $51.68, followed by Atlanta, which dipped 21.7 percent to $40.05.