STR: U.S. hotels’ occupancy, RevPAR improve in third week of November

U.S. HOTEL PERFORMANCE decreased in the third week of November compared to the week before, but occupancy and RevPAR improved during the week compared to same period in 2019, according to STR.

Occupancy was 63 percent for the week ending Nov. 19, down from 64.6 percent the week before and increased 3.4 percent from 2019. ADR was $144.50 during the week, down from $148.43 the week before and up 15.9 percent from three years ago. RevPAR reached $91.02 during the third week of November, dipped from $95.89 the week before and up 19.8 percent from 2019.

Phoenix reported the largest increases over 2019 in each of the three key performance metrics among STR’s top 25 markets for November’s third week. Occupancy in the market was increased 13.7 percent to 81.9 percent, ADR improved 36.4 percent to $175.22 and RevPAR was up 55 percent to $143.48 over 2019.

The only RevPAR declines happened in San Francisco, down 54.7 percent to $143.60 and Denver, decreased 8.2 percent to $85.81, over 2019.