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STR: U.S. hotel performance up in the first week of December

New Orleans reported the only occupancy increase over 2019

STR: U.S. hotel performance up in the first week of December

U.S. HOTEL PERFORMANCE was up in the first week of December compared to the week before, according to STR. However, occupancy was down during the week when compared to 2019.

Occupancy was 55.4 percent for the week ending Dec. 3, up from 50.4 percent the week before and decreased 7.7 percent from 2019. ADR was $141.71 during the week, up from $135.49 the week before and up 10.2 percent from three years ago. RevPAR reached $78.50 during the week, increased from $68.27 the week before and up 1.7 percent from 2019.


Among STR’s top 25 markets, New Orleans reported the only occupancy increase, up 1.1 percent to 67.2 percent, over 2019.

Miami posted the highest ADR, increased 33.1 percent to $374.88 and RevPAR, up 25.1 percent to $301.26, during the week, over 2019.

The largest RevPAR decreases were seen in San Francisco, down 44.2 percent to $95.77, followed by Seattle, decreased 25.8 percent to $79.21.

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PRISM’s Ritesh Agarwal Joins THLA Board
Photo credit: G6 Hospitality

PRISM’s Agarwal joins THLA board

Summary:

  • Ritesh Agarwal of PRISM joins the Texas Hotel & Lodging Association board.
  • He will bring his technology-driven hospitality experience to THLA initiatives.
  • In August, G6 joined THLA to support its Texas franchisees.

Ritesh Agarwal, founder and CEO of PRISM, parent of OYO and G6 Hospitality in the U.S., joined the Texas Hotel & Lodging Association board. He will contribute his experience in building technology-driven hospitality ecosystems to THLA’s initiatives.

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