STR: Slight slip in U.S. hotel performance in the third week of October

Tampa reported the largest increases in occupancy over 2019

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U.S. hotel performance Oct
Occupancy was 69.9 percent for the week ending Oct. 22, down from 70.3 percent the week before and down 0.5 percent from 2019, according to STR. ADR was $157.43 during the week, slightly dropped from $157.52 the week before, and RevPAR reached $110.11 in the third week of Oct. 22, just dipped from $110.78 the week before.

THERE WAS A slight slip in U.S. hotel performance in the third week of October compared to the week before, according to STR. However, numbers improved during the week when compared to 2019.

Occupancy was 69.9 percent for the week ending Oct. 22, down from 70.3 percent the week before and down 0.5 percent from 2019. ADR was $157.43 during the week, slightly dropped from $157.52 the week before and up 16.7 percent from three years ago. RevPAR reached $110.11 in the third week of Oct. 22, just dipped from $110.78 the week before and up 16.1 percent from 2019.

Among STR’s top 25 markets, Tampa reported the largest increase in occupancy during the week, up 7.4 percent to 75.9 percent and RevPAR, increased 39.2 percent to $117.28, over 2019. It has been one of the markets in Florida that have seen a performance lift associated with post-Hurricane Ian demand.

Miami posted the highest ADR increase, gained 32.8 percent to $221.59, over 2019, according to STR. San Francisco was the only market to post an ADR decline, down 8.5 percent to $234.06 over 2019.

The steepest RevPAR declines were in San Francisco, down 22 percent to $175.30, followed by Minneapolis, decreased 13.7 percent to $79.33.