STR: U.S. occupancy up in first week of December

Performance remains under 2019 levels, however

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STR report
U.S. hotels’ occupancy was 54.8 percent for the week ending Dec. 4, up from 53 percent the week before and down from 8.8 percent for the same period in 2019, according to STR. ADR for the week was $127.92, down from $128.41 the week before, and RevPAR increased to $70.08 during the week from $68 for the week before.

U.S. HOTEL OCCUPANCY increased in the first week of December, according to STR. But, all performance metrics were lower during the week when compared to same period in 2019.

Occupancy was 54.8 percent for the week ending Dec. 4, up from 53 percent the week before and down from 8.8 percent for the same period in 2019.

ADR for the week was $127.92, down from $128.41 the week before and decreased 0.5 percent when compared to two years ago. RevPAR increased to $70.08during the week from $68 for the week  before but dropped 9.2 percent for the same period in 2019.

According to the report, none of STR’s top 25 markets recorded an occupancy increase over 2019, Only Los Angeles matched its 2019 comparable at 70 percent.

Miami, lifted by Art Basel, reported the largest ADR increase when compared with 2019, up 32.9 percent to $373.71.

San Francisco/San Mateo experienced the steepest occupancy decline, down 37.3 percent to 48.4 percent, over 2019.

The largest RevPAR deficits were in San Francisco/San Mateo, down 54.9 percent to $77.57, followed by Washington, D.C., down 38.2 percent to $60.39.