U.S. Hotel Occupancy Was Flat YOY in December

U.S. hotel supply in December increased 1.8 percent year over year, the highest year-over-year growth since June 2010, according to STR. SVP of lodging insights Jan Freitag said STR expects "further deceleration in performance growth as that supply growth continues to trend upwards." Among the 25 markets with the most hotel rooms, Washington, D.C.-Maryland-Virginia reported the largest year-over-year increase in occupancy, 7 percent to 55.5 percent, while Houston posted the largest occupancy decrease, 10.4 percent to 50.6 percent. San Diego saw the largest increase in average daily rate, 10.8 percent to $136.10, and New Orleans experienced the steepest decline, 10.6 percent to $127.86. New York City experienced the highest absolute occupancy, 87.7 percent, and ADR, $298.11.