Omicron emergence a yardstick for the hotel industry

One of the more propitious notes in the month was the continued willingness of hoteliers to hold and even drive rate. ADR in the month was $7 higher than at the same time in 2019 after being well down in 2020. This helped drive both RevPAR and TRevPAR, which were both up triple digits over 2020, though still down considerably versus 2019.