STR: Thanksgiving holiday drags U.S. hotel performance in the fourth week of November

Minneapolis reported the largest occupancy increase

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U.S. hotel performance Nov'22
Occupancy was 50.4 percent for the week ending Nov. 26, down from 63 percent the week before and decreased 0.5 percent from 2019, according to STR. ADR was $135.49 during the week, down from $144.50 the week before, and RevPAR reached $68.27 during the week, down from $91.02 the week before.

U.S. HOTEL PERFORMANCE was down in the fourth week of November compared to the week before due to the Thanksgiving holiday, according to STR. However, hotel performance was mixed when compared to same period in 2019.

Occupancy was 50.4 percent for the week ending Nov. 26, down from 63 percent the week before and decreased 0.5 percent from 2019. ADR was $135.49 during the week, down from $144.50 the week before and up 20.4 percent from three years ago. RevPAR reached $68.27 during the week, down from $91.02 the week before and up 19.9 percent from 2019.

Minneapolis reported the largest occupancy increase among STR’s top 25 markets, up 7.6 percent to 42 percent, over 2019.

Phoenix posted the highest ADR during the fourth week, up 42.7 percent to $151.24, and RevPAR, increased 44.8 percent to $85.05, over three years ago. San Francisco registered the only RevPAR decrease, down 21 percent to $73.73, over 2019.