STR: U.S. hotel results for week ending 1 January

U.S. hotel average daily rate (ADR) reached an all-time weekly high, according to STR‘s latest data through 1 January.

26 December 2021 through 1 January 2022 (percentage change from pre-pandemic comparable):

• Occupancy: 54.3% (+10.7%)
• Average daily rate (ADR): US$157.91 (+15.1%)
• Revenue per available room (RevPAR): US$85.74 (+27.4%)

Employment Situation Summary

Total nonfarm payroll employment rose by 199,000 in December, and the unemployment rate declined to 3.9 percent.

Employment recovery in the hospitality & tourism industry was at pace with the overall recovery.

Not seasonally adjusted, unemployment rate was about 6.7 in Dec. 2021, versus 16.7 in Dec. 2020 (Source: BOL).