As expected ahead of Halloween, U.S. hotel performance fell week over week, according to the latest data from STR as of October 30.
- Occupation: 58.9% (-5.7%)
- Average daily rate (ADR): 127.70 USD (+ 1.5%)
- Revenue per available room (RevPAR): USD 75.28 (-4.3%)
Even with a drop in performance levels from previous weeks, comparisons to the corresponding week in 2019 improved as Halloween that year fell on a Thursday and created greater disruption to business travel and groups.
Among the top 25 markets, Tampa saw the only increase in occupancy compared to 2019 (+ 4.8% to 65.7%). The market also saw the largest increases in ADR (+ 18.2% to US $ 131.57) and RevPAR (+ 23.9% to US $ 86.43) compared to 2019.
Island of Oahu
reported the largest decrease in occupancy compared to 2019 (-42.2% to 46.5%)
The biggest deficits of RevPAR were in San Francisco / San Mateo (-49.6% to US $ 96.22) and the island of Oahu (-46.6% to US $ 96.09).
* Due to the sharp drop in performance due to the 2020 pandemic, STR measures the recovery against comparable periods from 2019.
STR provides benchmarking data, analysis and premium market insights for the global hospitality industry. Founded in 1985, STR is present in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London and an Asia-Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of online commercial real estate information, analysis and markets. For more information, please visit str.com and costargroup.com.