STR: U.S. hotel performance up in week ending March 12

Miami closest among top 25 markets to reaching 2019 levels

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U.S. hotel performance
Occupancy was 63.2 percent for the week ending March 12, up from 61.2 percent the week before and down 9.8 percent for the same period in 2019, according to STR. ADR was $144.68 for the week, increased from $137.96 the week before, and RevPAR was $91.45 for the week, up from $84.39 the week before.

U.S. HOTEL PERFORMANCE was up in the second week of March from the week before, according to STR. ADR was up during the week compared to two years ago.

Occupancy was 63.2 percent for the week ending March 12, up from 61.2 percent  the week before and down 9.8 percent for the same period in 2019. ADR was $144.68 for the week, increased from $137.96 the week before and up7.7 percent from two years ago.

RevPAR was $91.45 for the week, up from $84.39 the week before and down 2.8 percent from the same period two years ago.

None of STR’s top 25 markets showed an occupancy increase during the period when compared to two years ago. Miami came closest to its 2019 comparable, down 4.7 percent to 84.1 percent.

Anaheim posted the highest ADR, up 34.4 percent to $217.87 and RevPAR, rose 25.9 percent to $168.60) over the same period two years ago.

San Francisco/San Mateo experienced the largest occupancy decrease, down 29.7 percent to 56.3 percent, from 2019.

The steepest RevPAR deficits were in San Francisco/San Mateo, which decreased 44.9 percent to $101.77, followed by Washington, D.C., down 37.5 percent to $83.01.