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STR: January ends on flat performance note for U.S. hotels

Occupancy remains around 40 percent

STR: January ends on flat performance note for U.S. hotels

JANUARY CLOSED WITH flat performance for U.S. hotels, according to STR.

Occupancy for the week ending Jan. 30 was 40.4 percent, up slightly from 40 percent the week before but down 29.6 percent from the comparable week in 2020. ADR was $89.62, down from $90.13 week-to-week and a 29.8 percent drop from last year. RevPAR averaged $36.23 compared to $36.07 the week before and down 50.6 percent year-over-year.


The top 25 markets together saw lower occupancy than the national average with 38.4 percent, but higher ADR with $95.50. At 58.2 percent, Tampa/St. Petersburg, Florida, reported the highest occupancy level among the top markets.

On the lowest end of performance was Oahu Island, Hawaii, with 22.8 percent and Minneapolis/St. Paul, Minnesota-Wisconsin, 27.7 percent.

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Peachtree Group's Equipment Finance Hits $30M Milestone
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Peachtree’s equipment finance hits $30M

Summary:

  • Peachtree posted nearly $30 million in equipment finance transactions in its first quarter.
  • The division was created to fill a gap as banks reduce lending to middle-market borrowers.
  • Deals covered equipment for transportation, technology and material handling.

PEACHTREE GROUP’S EQUIPMENT finance division closed $29.8 million in capital lease and fair market value transactions across multiple industries in its first full quarter following the platform’s October launch. The deals included equipment for transportation, technology and material handling.

Peachtree Equipment Finance was created to address a gap in the equipment leasing market as banks reduce exposure to middle-market borrowers, Peachtree said in a statement. It focuses on capital leases and FMV transactions structured to businesses’ operational needs.

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