• US rate up 2.8%

US hotels saw a 2.8% year-on-year increase in rate to $96.64 in January, according to data from STR.

Occupancy was up 5.8% to 47.7%, with revpar rising by 8.7% to finish at $46.10. "The US hotel industry’s march toward a full recovery continued during January," said Mark Lomanno, CEO at STR. "Demand remained strong, while room-rate growth edged slightly higher. The top end of the market continues to outpace the moderately priced hotel offerings. We expect this trend to continue for the next several months."

See the full release here:
http://www.str.com/

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