This week in Hospitality & Tourism #6 2022
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STR: U.S. hotel results for week ending 5 February
U.S. weekly hotel occupancy eclipsed 50% for the first time in more than a month, but the index to 2019 dipped from the week prior, according to STR‘s latest data through 5 February.
30 January through 5 February 2022 (percentage change from comparable week in 2019):
- Occupancy: 50.4% (-15.8%)
- Average daily rate (ADR): US$125.06 (-1.2%)
- Revenue per available room (RevPAR): US$63.05 (-16.8%)
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California Hotel Sales Survey Reports 510 Deals That Total Nearly $10 Billion - CoStar
Portfolio sales, high-end hotels and capital chasing deals drove up California hotel sales and total dollar volume to new record highs in 2021.