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STR: Occupancy flat for third week of January

D.C. sees slight boost from Jan. 20 presidential inauguration

STR: Occupancy flat for third week of January

THE WEEK ENDING Jan. 23 saw flat performance for U.S. hotels, according to STR. Some hotels did receive a boost from the presidential inauguration on Jan. 20.

Occupancy for the week was 40 percent, down very little from 40.1 percent the week before and down 30.6 percent from the previous year. ADR was $90.13, up from $89.39 on a weekly basis but down 28.1 percent year over year. RevPAR rose to $36.07 from $35.85 the week before, a 50.1 percent from the same time last year.


“Aggregate data for the top 25 markets showed lower occupancy, 38.8 percent, but higher ADR, $97.60, than all other markets,” STR said. “Thanks to a small lift from the presidential inauguration, Washington, D.C.-Maryland-Virginia, with 57.6 percent, reported the highest occupancy level among the top 25.”

Oahu Island, Hawaii’s 21.7 percent occupancy and San Francisco/San Mateo, California’s 27.8 percent were the lowest among the top 25.

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U.S. Delegation Heads to New Delhi as Trade Tensions Rise
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U.S. delegations go to New Delhi amid trade uncertainty

Summary:

  • Two U.S. delegations are in New Delhi this week as a trade deal remains unresolved.
  • The meetings show both sides are maintaining communication.
  • The visits follow Russian President Vladimir Putin’s trip to India to boost economic ties.

TWO SEPARATE U.S. delegations are in New Delhi this week to meet Indian counterparts and address bilateral ties as a trade deal remains unresolved. At the same time, New Delhi is exploring trade options with other countries, including Russia.

Allison Hooker, Under Secretary of State for Political Affairs, will meet senior Indian officials from Dec. 7 to 11. A team led by Deputy U.S. Trade Rep. Rick Switzer arrives Tuesday.

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