U.S. hotel occupancy increased from the previous week, but performance comparisons with 2019 were lower, according to STR‘s latest data through 4 December.
28 November through 4 December 2021 (percentage change from comparable week in 2019*):
- Occupancy: 54.8% (-8.8%)
- Average daily rate (ADR): US$127.92 (-0.5%)
- Revenue per available room (RevPAR): US$70.08 (-9.2%)
While none of the Top 25 Markets recorded an occupancy increase over 2019, Los Angeles matched its 2019 comparable (70.0%).
San Francisco/San Mateo experienced the steepest occupancy decline from 2019 (-37.3% to 48.4%).
Miami, lifted by Art Basel, reported the largest ADR increase when compared with 2019 (+32.9% to US$373.71).
The largest RevPAR deficits were in San Francisco/San Mateo (-54.9% to US$77.57) and Washington, D.C. (-38.2% to US$60.39).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.