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Monday, November 25, 2024

STR: U.S. Hotel Performance Came in Lower Than the Previous Week

U.S. hotel performance came in lower than the previous week and showed mixed comparisons with 2019, according to STR‘s latest data through August 27 (percentage change from the comparable week in 2019*):

  • Occupancy: 65.0% (-2.5%)
  • Average daily rate (ADR): US$147.16 (+15.0%)
  • Revenue per available room (RevPAR): US$95.62 (+12.1%)
Among the Top 25 Markets, Orlando reported the largest occupancy increase over 2019 (+21.1% to 63.8%). 

Miami posted the largest ADR gain over 2019 (+32.2% to US$180.17). 

The steepest RevPAR deficits were in San Francisco (-39.2% to US$143.37) and New Orleans (23.1% to US$54.57). 

Original source can be found here.

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