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U.S. hotel performance surpassed the levels seen during the comparable week of 2019, according to STR‘s latest data through 18 December.
12-18 December 2021 (percentage change from comparable week in 2019*):
Average daily rate (ADR): US$121.87 (+11.6%)
Revenue per available room (RevPAR): US$65.61 (+20.2%)
Percentage changes were in part lifted by the comparable week of 2019 (ending 21 December) being closer to Christmas.
Among the Top 25 Markets, Norfolk/Virginia Beach saw the largest occupancy increase over 2019 (+20.4% to 51.8%).
New York City experienced the steepest occupancy decline from 2019 (-12.4% to 73.4%) but reported the second-highest absolute occupancy level among the STR-defined U.S. markets.
New Orleans registered the largest ADR increase when compared with 2019 (+38.1% to US$152.28).
The largest RevPAR deficits were in San Francisco/San Mateo (-10.4% to US$87.69) and Oahu Island (-9.0% to US$160.41).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate 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 commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.