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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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U.S. Delegation Heads to New Delhi as Trade Tensions Rise
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U.S. delegations go to New Delhi amid trade uncertainty

Summary:

  • Two U.S. delegations are in New Delhi this week as a trade deal remains unresolved.
  • The meetings show both sides are maintaining communication.
  • The visits follow Russian President Vladimir Putin’s trip to India to boost economic ties.

TWO SEPARATE U.S. delegations are in New Delhi this week to meet Indian counterparts and address bilateral ties as a trade deal remains unresolved. At the same time, New Delhi is exploring trade options with other countries, including Russia.

Allison Hooker, Under Secretary of State for Political Affairs, will meet senior Indian officials from Dec. 7 to 11. A team led by Deputy U.S. Trade Rep. Rick Switzer arrives Tuesday.

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