5 things to know about us december performance data
TRANSCRIPT
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%.