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STR: U.S. hotel performance flat in third week of January

The Tampa, Florida, market led the top 25 in terms of occupancy

STR: U.S. hotel performance flat in third week of January

U.S. HOTEL PERFORMANCE remained relatively flat during the third week of January, according to STR. Tampa, Florida, led the top 25 markets in terms of occupancy.

Occupancy was 48.7 percent for the week ending Jan. 22, and it was 48.8 percent the week before.  It was down 15.9 percent from the comparable week in 2019. ADR was $122.17 for the week, almost same as the week before at $122.12 and down 1.4 percent from two years ago. RevPAR reached $59.52, it was $59.57 the prior week and down 17.1 percent from the same period two years ago.


None of STR's to 25 markets recorded an occupancy increase during the period compared to two years ago. Tampa came closest to its pre-pandemic comparable in the third week, down just 1.7 percent to 72.1 percent. It also posted the largest ADR rise, up 14 percent to $151.74. The only RevPAR increase was also registered at Tampa, up 12 percent to $109.39.

The largest occupancy decrease happened in San Francisco/San Mateo, down 46.5 percent to 39.3 percent.

The steepest RevPAR deficits were in San Francisco/San Mateo, dipped 66.7 percent to $61.46, followed by Anaheim/Santa Ana , decreased 48.6 percent to $68.64.

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U.S. Hotel Construction Drops to 40-Quarter Low: CoStar

CoStar: U.S. hotel construction hits 40-quarter low

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  • U.S. hotel rooms under construction fell year over year for the ninth month, CoStar reported.
  • About 137,956 rooms were under construction in September, down 12.3 percent from 2024.
  • In September, 12,746 midscale and 4,559 economy rooms were under construction.

U.S. HOTEL ROOMS under construction fell year over year for the ninth consecutive month in September, reaching the lowest level in 40 quarters, according to CoStar. Still, more rooms are under construction now than after the Great Recession.

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