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CoStar: Holiday week shows mixed hotel performance

Tampa led the top 25 with occupancy rising 16.3 percent and RevPAR increasing 22.6 percent

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.

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AHLA Fdn.Testifies on Anti-Human Trafficking Efforts
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AHLA Foundation testifies on anti-trafficking efforts

Summary:

  • The AHLA Foundation testified on lodging industry anti-trafficking efforts.
  • Testimony focused on efforts ahead of major global events.
  • The hotel industry has conducted more than 2.5 million anti-trafficking trainings to date.

THE AHLA FOUNDATION testified before the Congressional Task Force on Enhancing Security for Special Events. The testimony highlighted the lodging industry's anti-human trafficking efforts ahead of major global events drawing international visitors to the U.S.

Eliza McCoy, AHLA Foundation’s vice president of programs and impact, emphasized that human trafficking prevention is a shared responsibility as the nation prepares for these events, AHLA Foundation said in a statement.

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