THERE WAS A slight improvement in U.S. hotel performance in the second week of November, according to STR. Importantly, ADR increased by 2.6 percent to $129.98 during the period when compared to 2019.
ADR for the second week of the month was $129.98 up from $128.14 the week before and increased 2.6 percent when compared to two years ago. RevPAR increased to $80.02 from $76.61 the week before, a slight drop of 1.4 percent for the same period two years ago.
Among STR’s top 25 markets, only Norfolk/Virginia Beach saw occupancy increase during the week under review, up 8.8 percent to 60.6 percent over 2019.
New Orleans reported the largest ADR increase when compared to 2019, 35.3 percent to $192.95.
San Francisco/San Mateo experienced the steepest occupancy decline from 2019, down 35.8 percent to 55.8 percent.
According to STR, the largest RevPAR deficits were in San Francisco/San Mateo, down 55.6 percent to $93.55, followed by and Chicago, down 38.5 percent to $66.78, during the second week of the month.