STR: U.S. hotel results for week ending 11 January

The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 11 January.

Performance was impacted by shifts in the MLK Day and group/conference calendars, as well as various weather events, including the Los Angeles fires and winter storm Cora.

• Among the Top 25 Markets, Tampa reported the largest gains in each of the three key performance metrics: occupancy (+18.2% to 79.1%), ADR (+7.6% to US$178.42), and RevPAR (+27.2% to US$141.20).
• Of note, Los Angeles saw the second-highest increases in occupancy (+5.7% to 65.0%) and RevPAR (+8.6% to US$122.63), due to displacement demand from the fires.
• The steepest RevPAR decline was reported in San Francisco (-78.1% to US$85.89), due to the J.P. Morgan Healthcare Conference calendar shift.

5-11 Jan 2025 (percentage change from comparable week in 2024):

• Occupancy: 49.20 (-7.7%)
• Average daily rate (ADR): US$144.03 (-5.9%)
• Revenue per available room (RevPAR): US$70.92 (-13.2%)