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STR: U.S. hotel performance up in the second week of February

Dallas came closest to its 2019 comparable, Super Bowl boosts Phoenix

STR: U.S. hotel performance up in the second week of February

U.S. HOTEL PERFORMANCE was up in the second week of February from the week before, according to STR. ADR and RevPAR for hotels also improved during the week when compared to 2019.

Occupancy was 57.8 percent for the week ending Feb. 11, up from 55.3 percent the week before and decreased 8.7 percent from 2019. ADR was $150.97 during the week, increased from $145.35 the week before and up 13.4 percent from three years ago. RevPAR reached $87.21 in the second week, up from $80.45 the week before and up 3.6 percent from January 2019.


None of STR’s top 25 markets saw an occupancy increase over 2019 during the second week of February. Dallas came closest to its 2019 comparable, down just 0.7 percent to 66.1 percent.

Phoenix reported the highest ADR, up 129.5 percent to $387.06, due to Super Bowl LVII during the week, and RevPAR increased 114.3 percent to $300.09, over 2019.

The steepest RevPAR declines were in San Francisco, down 55.9 percent to $116.00 and Seattle, decreased 24.1 percent to $78.84, over 2019.

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Sonesta, Laxmi open 18 hotels

Sonesta, Laxmi open 18 hotels

Summary:

  • Sonesta opened 18 hotels with franchise partner Laxmi Hotels Group.
  • Eleven hotels are managed by Laxmi, seven by Ark Hospitality.
  • The move advances Sonesta’s asset-right, franchise-forward strategy.

SONESTA INTERNATIONAL HOTELS Corp. opened 18 hotels with new franchise partner Laxmi Hotels Group, marking the first milestone in the sale of 113 managed properties. The portfolio includes 11 hotels managed by Laxmi and seven by Ark Hospitality.

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