5 things to know about us december performance data

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December saw no calendar shifts, and the amount of weekdays and weekends remained the same. The argument could be made that because the 31st fell on a Thursday (making the following Friday a holiday and hence producing a very long weekend) it could have enticed longer trips, but we did not see any of that, said Jan Freitag, SVP of lodging insights at HNN’s parent company STR. Here are five things you need to know about December’s hotel performance. This increase was the SECOND LOWEST growth of 2015. Dec. RevPAR UP 3.2 % ONE TWO THREE FOUR FIVE © 2016 STR, Inc. All Rights Reserved. illustrations: jon edwards Source: STR, Inc. That’s the HIGHEST December occupancy STR has ever recorded. 53 % Occupancy was at 1.5 % Supply increased This growth was UP ONE-TENTH of a percent from November. The last time supply increased 1.5% with an upward trajectory was in late 2007. to 141,000 Rooms under construction INCREASED 18 % Rooms under contract, meanwhile, were UP 11% TO 469,000. Occupancy for luxury (-0.7%) and upper upscale (-0.3%) was decreased. RevPAR in upscale hotels rose 2.6%.

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December saw no calendar shifts, and the amount of weekdays and weekends remained the same. The argument could be made that because the 31st fell on a Thursday (making the following Friday a holiday and hence producing a very long weekend) it could have enticed longer trips, but we did not see any of that, said Jan Freitag, SVP of lodging insights at HNN’s parent company STR. Here are five things you need to know about December’s hotel performance.

This increase was the SECOND LOWEST growth of 2015.

Dec. RevPAR

UP 3.2%

ONE

TWO

THREE

FOUR

FIVE

© 2016 STR, Inc. All Rights Reserved. illustrations: jon edwardsSource: STR, Inc.

That’s the HIGHEST December occupancy STR has ever recorded. 53%Occupancy

was at

1.5%Supply increased

This growth was UP ONE-TENTH of a percent from November. The last time supply increased 1.5% with an upward trajectory was in late 2007.

to 141,000

Rooms under construction

INCREASED 18% Rooms under contract, meanwhile, were UP 11% TO 469,000.

Occupancy for luxury (-0.7%) and upper upscale (-0.3%) was decreased. RevPAR in upscale hotels rose 2.6%.