U.S. hotel performance increased from the previous week, according to STR‘s latest data through 11 December.
- Occupancy: 57.4% (-4.8%)
- Average daily rate (ADR): US$128.35 (+2.3%)
- Revenue per available room (RevPAR): US$73.73 (-2.7%)
Among the Top 25 Markets, Norfolk/Virginia Beach saw the only occupancy increase over 2019 (+4.2% to 55.2%).
Of note, New York City reported the highest weekly occupancy level (81.5%) of any STR-defined U.S. market. NYC’s occupancy level was 13.0% lower than the 2019 comparable.
San Francisco/San Mateo experienced the steepest occupancy decline from 2019 (-32.7% to 59.8%).
registered the largest ADR increase when compared with 2019 (+30.1% to US$229.34).
The largest RevPAR deficits were in San Francisco/San Mateo (-53.2% to US$106.83) and Washington, D.C. (-32.6% to US$69.23).
*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.