Upload
hotel-news-now-str
View
17
Download
0
Embed Size (px)
Citation preview
LUXURY AND UPPER UPSCALE chains reported 7.1% and 4.3% RevPAR growth, respectively, while other chain scales experienced more moderate growth.
© 2017 STR, Inc. All Rights Reserved.illustrations: annamarie hudson
Source: STR, Inc.
Ten markets including D.C. (77.1%), saw double-digit RevPAR growth, BOOSTED BY HEALTHY ADR.
In all but the Top 25 markets, HOTEL OCCUPANCY WAS LESS THAN 50% for January.
A busy inauguration weekend in Washington, D.C., helped to drive OVERALL U.S. HOTEL ROOM REVENUE UP 5.7%.
Average daily rate increases of 3.3% for transient and 5.2% for group segments were RIVALED ONLY ONCE IN 2016 and never in 2015 or 2014.
The inauguration of a new president, and a Women’s March in protest, had a marked effect on U.S. hotel performance in January.
BETTER
JANUARYNOVEMBER
WASHINGTON, D.C.IN DRIVER SEAT
RARE PEAKFOR ADR
3.3%5.2%
REVPAR GROWTHD O U B L E - D I G I T
GLASSHALF EMPTY49.6%