THE NEW YEAR holiday shift boosted U.S. hotel performance in early January, with increases in weekly and year-over-year metrics, including occupancy, ADR, and RevPAR, according to CoStar. Tampa continued to post the highest year-over-year gains among the top 25 markets.
Occupancy rose to 48.3 percent for the week ending Jan. 4, up from 47.7 percent the previous week, reflecting a 2.9 percent year-over-year increase. ADR increased to $168.90 from $160.96, marking an 11.7 percent rise compared to the same period last year. RevPAR also grew, rising to $81.53 from $76.83, a 14.9 percent year-over-year increase.
Tampa recorded the highest year-over-year occupancy gain among the top 25 markets, up 29.7 percent to 77.5 percent. New York City posted the highest increases in ADR and RevPAR, rising 30.7 percent to $340.79 and 48.4 percent to $283.03, respectively.
St. Louis saw the sharpest RevPAR decline, dropping 26 percent to $36.02, followed by Seattle, which fell 18.4 percent to $54.23.
