STR: Occupancy, RevPAR dip in first week ending Oct. 2

Phoenix was the top 25 market with the highest occupancy increase of 2019, up 1.8 percent

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Occupancy was 61.7 percent for the week ending Oct. 2, down from 63.2 percent the week prior, according to STR. That was a 9.2 percent decrease from the same period in 2019. RevPAR reduced to $80.78 during the week under review from $84.54 a week ago and dropped 8.2 percent from two years ago

THE PERFORMANCE OF U.S. hotels dipped for the first week of October when compared to previous week, according to STR.

Occupancy was 61.7 percent for the week ending Oct. 2, a 9.2 percent decrease from the same period in 2019. It was at 63.2 percent a week ago. RevPAR reduced to $80.78 during the week under review from $84.54 a week ago and dropped 8.2 percent from two years ago.

ADR was $130.87 for the week ending Oct.2, a 1.2 percent increase from 2019 levels but was well below the previous week’s rate of $133.69.

Phoenix was the top 25 market which recorded the only occupancy increase over 2019, rising 1.8 percent to 66 percent as well as the largest RevPAR, up 15.2 percent to $88.82.

Miami reported the largest ADR increase, up 20.6 percent to $174.10, when compared to two years ago.

Oahu Island experienced the steepest occupancy decline from 2019 levels, dropping 43.8 percent to 46.1 percent.

The largest RevPAR deficits were in San Francisco/San Mateo, which dropped 52.6 percent to $97.51, and Oahu Island, which fell 50.1 percent to $94.06.