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CoStar: U.S. hotel metrics rise in early December

Oahu led in ADR growth, up 27.1 percent to $261.33

CoStar: U.S. hotel metrics rise in early December

U.S. HOTEL PERFORMANCE improved in the first week of December, showing higher week-over-week and year-over-year results, according to CoStar. Chicago recorded the largest year-over-year increases in occupancy and RevPAR among the top 25 markets.

Occupancy increased to 59 percent for the week ending Dec. 7, up from 50 percent the previous week and 0.5 percent higher year-over-year. ADR surged to $159.77, rising from $141.09 the prior week and reflecting a 3.8 percent increase compared to the same week last year. RevPAR jumped to $94.31 from $70.59, marking a 4.3 percent increase year-over-year.


Among the top 25 markets, Chicago saw the highest year-over-year occupancy increase, up 17.8 percent to 67.6 percent, with RevPAR rising 42.9 percent to $110.59. Oahu reported the largest ADR increase, climbing 27.1 percent to $261.33.

San Francisco experienced the steepest RevPAR decline, falling 16.7 percent to $114.86, followed by New Orleans, down 14.7 percent to $83.16.

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AHLA Fdn.Testifies on Anti-Human Trafficking Efforts
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AHLA Foundation testifies on anti-trafficking efforts

Summary:

  • The AHLA Foundation testified on lodging industry anti-trafficking efforts.
  • Testimony focused on efforts ahead of major global events.
  • The hotel industry has conducted more than 2.5 million anti-trafficking trainings to date.

THE AHLA FOUNDATION testified before the Congressional Task Force on Enhancing Security for Special Events. The testimony highlighted the lodging industry's anti-human trafficking efforts ahead of major global events drawing international visitors to the U.S.

Eliza McCoy, AHLA Foundation’s vice president of programs and impact, emphasized that human trafficking prevention is a shared responsibility as the nation prepares for these events, AHLA Foundation said in a statement.

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