Skip to content

Search

Latest Stories

STR: U.S. hotel occupancy dips, ADR rises in week of Oct. 23

ADR rose some as top 25 markets stayed below 2019 levels of occupancy

STR: U.S. hotel occupancy dips, ADR rises in week of Oct. 23

ONE WEEK AFTER reaching its highest point since mid-August, US hotel occupancy dipped a percentage point in the third week of October, according to STR. At the same time, room rates rose slightly.

Occupancy was 63.9 percent for the week ending Oct. 23, down from 65 percent the week before and a 9.1 drop from the same period in 2019. ADR for the third week of the month was $134.14, almost the same rates as the prior week’s $134.03 and just 0.6 percent down from its value in 2019. RevPAR decreased to $85.74 during the week from $87.15 the week before. However, it was reduced by 9.6 percent when compared to the same period two years ago.


None of STR’s top 25 markets recorded an occupancy increase over 2019. Tampa came closest to its 2019 comparable at 68.5 percent, a 3.1 percent dip. The market also reported the largest increases in ADR, up 16.1 percent to $138.33 and RevPAR also shot up 12.6 percent to $94.71 when compared to 2019.

The steepest occupancy decline was reported by Oahu Island, reducing 39.7 percent to 49.6 percent and San Francisco/San Mateo, dropped 39.7 percent to 53.0 percent, from the levels witnessed two years ago.

According to STR, San Francisco/San Mateo experienced the largest RevPAR deficits, down 58.9 percent to $92.26, followed by Washington, which was down 49.9 percent to $81.21 during the week under review.

More for you

AHLA members meet with U.S. lawmakers to discuss key hospitality legislation impacting hotel owners and workers

AHLA shares priorities with lawmakers

AHLA Members Unite on Capitol Hill to Advance Hospitality Legislation

MORE THAN 250 American Hotel & Lodging Association members met with lawmakers in the U.S. Senate and House to discuss legislative priorities critical to the hospitality industry. They raised concerns about tax and trade policies impacting hotel operating costs and travel demand amid ongoing budget reconciliation and tax negotiations.

Members also discussed expanding and upskilling the hospitality workforce through measures such as adjusting the H-2B visa cap and protecting the franchise model, which supports more than half of all U.S. hotels and 2.8 million jobs, the association said in a statement.

Keep ReadingShow less
CBRE: US Hotel RevPAR to Grow 1.3 Percent in 2025

CBRE: RevPAR to grow 1.3 percent in 2025

U.S. HOTEL REVPAR is expected to grow 1.3 percent in 2025, supported by urban markets from group and business travel and increased demand for drive-to and regional leisure destinations, according to CBRE. Occupancy is forecast to rise 14 basis points and ADR 1.2 percent year-over-year.

This represents slower growth than CBRE’s February forecast, which projected 2 percent RevPAR growth based on a 21-basis-point increase in occupancy and a 1.6 percent rise in ADR, the commercial real estate and investment firm said.

Keep ReadingShow less
Palette Hotels to Transform DoubleTree by Hilton in Washington, PA

Palette to manage Washington, PA, DoubleTree

Palette’s Expertise in Hospitality Management

SUNRISE GOLD HOSPITALITY recently selected Palette Hotels to manage its 140-room DoubleTree by Hilton Washington Meadow Lands Casino Area in Washington, Pennsylvania. Palette will oversee renovations, including Hilton Connected Rooms technology upgrades, new signage, landscaping, building systems and updates to the lobby, guestrooms, bathrooms, meeting spaces, restaurant, bar and lounge.

Sunrise Gold Hospitality is led by owner Ramesh Pandya, and Palette Hotels by Founder and CEO Richard Lou.

Keep ReadingShow less