Americas Hotel RevPAR Up Nearly 8 Percent in January

 Hotels in the Americas enjoyed gains for January in rate, occupancy and revenue per available room, according to data from STR Global. Occupancy rose 3.9 percent over the previous January, to 49.8 percent, the average daily rate was up by 3.7 percent, to $103.98, and RevPAR shot up by 7.7 percent. Chicago's occupancy increase was the highest among key markets, rising 15.4 percent over last year, followed by Rio de Janeiro, Brazil, which posted an 8.4 percent increase. Sao Paulo, Brazil, enjoyed the largest rate increase (15.5 percent, to $144.40), and three markets posted RevPAR growth exceeding 15 percent: Chicago (up 24.3 percent), Rio de Janeiro (up 23.2 percent) and Miami (up 15.8 percent).