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STR: U.S. hotel performance up in the second week of November

Norfolk/Virginia Beach reported the largest occupancy increase

STR: U.S. hotel performance up in the second week of November

U.S. HOTEL PERFORMANCE increased in the second week of November'22 compared to the week before, according to STR. All performance metrics improved during the week compared to same period in 2019 as well.

Occupancy was 64.6 for the week ending 12 Nov'22, up from 62.4 the week before and increased 0.9 percent from 2019. ADR was $148.43 during the week, improved from $147.48 the week before and up 17.1 percent from three years ago. RevPAR reached $95.89 during the second week of November'22, increased from $91.99 the week before and up 18.2 percent from 2019.


Among STR’s top 25 markets, Norfolk/Virginia Beach reported the largest occupancy increase, up 14.3 percent to 63.6 percent, over November 2019. San Diego posted the largest ADR increase, increased 35.2 percent to $202.86, over 2019.

The steepest RevPAR declines were in San Francisco, down 26.7 percent to $154.46, followed by Minneapolis, decreased 16.3 percent to $68.41.

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Hospitality Leaders Call For End to U.S. Government Shutdown
Photo by Win McNamee/Getty Images

Hospitality leaders call for end to shutdown

Summary:

  • Hospitality leaders urged a vote on the Senate-passed bill to end the government shutdown.
  • The hotel industry has lost an estimated $1.2 billion in economic activity.
  • The House is set to vote this evening on the Senate-backed bill, according to CNN.

LEADERS FROM THE American Hotel & Lodging Association, Airlines for America, U.S. Travel Association and the National Restaurant Association urged the House of Representatives to vote on the Senate-passed agreement to end the government shutdown. Meanwhile, senators approved a funding package to reopen the federal government and sent the deal to the House.

The House is set to vote this evening on the Senate-backed bill, according to CNN. Speaker Mike Johnson must secure support from his narrow GOP majority but told reporters he is “optimistic.”

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