U.S. hotel results for week ending 13 November

U.S. hotel performance increased slightly from the previous week, according to STR‘s latest data through 13 November.

7-13 November 2021 (percentage change from comparable week in 2019*):

  • Occupancy: 61.6% (-3.9%)
  • Average daily rate (ADR): US$129.98 (+2.6%)
  • Revenue per available room (RevPAR): US$80.02 (-1.4%)

Among the Top 25 Markets, Norfolk/Virginia Beach saw the only occupancy increase over 2019 (+8.8% to 60.6%).

San Francisco/San Mateo experienced the steepest occupancy decline from 2019 (-35.8% to 55.8%).

New Orleans reported the largest ADR increase when compared with 2019 (+35.3% to US$192.95).

The largest RevPAR deficits were in San Francisco/San Mateo (-55.6% to US$93.55) and Chicago (-38.5% to US$66.78).

*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.

About STR

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.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *