US Hotel Occupancy Continues to Recover in Week Ended December 11
December 17, 2021 | James Sprow | Blue Vault
U.S. hotel occupancy for the week ended December 11 reached 57.4%, an increase from the previous week but reflecting a 4.8% decline when compared against the same week in 2019, according to STR, which tracks the hospitality industry.
Average daily rate jumped 2.3% to $128.35, while revenue per available room ended the week at $73.73, down 2.7% compared to the 2019 period.
STR is measuring recovery against comparable time periods from 2019 “due to the steep, pandemic-driven performance declines of 2020.”
Norfolk/Virginia Beach, Va., reported the only occupancy gain among the top 25 markets, up 4.2%, to 55.2%. New York City posted the highest weekly occupancy level of any STR-defined U.S. market, at 81.5%.
San Francisco/San Mateo, Calif., logged the steepest occupancy decline at 59.8%, down 32.7% from the same week in 2019.
Miami experienced the largest ADR growth at $229.34, up 30.1% from the 2019 level.
San Francisco/San Mateo recorded the biggest RevPAR deficit, down 53.2% to $106.83, followed by Washington, D.C., falling 32.6% to $69.23.
Source: S&P Capital IQ
