US Hotel Occupancy Drops Slightly in Week Ended October 23
November 1, 2021 | James Sprow | Blue Vault
Occupancy at U.S. hotels for the week ended October 23 declined a percentage point from the previous week but was down 9.1% from the comparable period in 2019, to 63.9%, according to data from STR, which tracks the hospitality industry.
Average daily rate slightly increased week over week to $134.14, but the figure reflects a 0.6% decrease from the corresponding week in 2019. Revenue per available room was down 9.6% from the 2019 period to $85.74.
STR said it is measuring recovery against comparable time periods from 2019 “due to the steep, pandemic-driven performance declines of 2020.”
Of the top 25 markets, Tampa, Fla., recorded occupancy gain closest to its comparable week in 2019 at 68.5%, down 3.1%. It also reported the biggest increase in ADR, up 16.1% to $138.33, as well as RevPAR at $94.71, up 12.6%.
Oahu Island, Hawaii, and San Francisco/San Mateo, Calif., both experienced the steepest decline in occupancy versus the 2019 period, down 39.7%, to 49.6% and 53.0%, respectively.
San Francisco/San Mateo booked the biggest drop in RevPAR, falling 58.9% to $92.26, followed by Washington, D.C., declining 49.9% to $81.21.
Source: S&P Capital IQ
