STR: U.S. hotel performance up some in first week of November

ALL THE PERFORMANCE metrics of U.S. hotels improved in the first week of November, according to STR. However, it remains below the performance reported two years ago.

Occupancy was 59.8 percent for the week ending Nov. 6, up from 58.9 percent the week before and a 13 percent drop from the same period in 2019. ADR for the first week of the month was $128.14, up from $127.70 the week before and down 3.2 percent for the same period in 2019.

RevPAR increased to $76.61 from $75.28 the week before. It was reduced by 15.8 percent when compared to the same period two years ago.

During the week under review, none of STR’s top 25 markets recorded an occupancy increase over 2019.

Norfolk/Virginia Beach came closest to its 2019 comparable, down only 5.2 percent to 59.9 percent. The largest ADR increase was reported in Miami, up 13.6 percent to $205.56, when compared to two years ago.

Oahu Island experienced the steepest occupancy decline from 2019, down 45 percent to 46.5 percent.

According to STR, the largest RevPAR deficits were in San Francisco/San Mateo, down 57.7 percent to $90.33, followed by Washington D.C., reduced 49.2 percent to $73.03, during the first week of the month.