u s hotel industry
U.S. Hotel Results for Week Ending 27 July
CoStar Group | August 2, 2024
WASHINGTON – 2 August 2024 – The U.S. hotel industry reported lower performance results than the previous week and mixed comparisons year over year, according to CoStar’s latest data through 27 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 21-27 July 2024 (percentage change from comparable week in 2023): Occupancy: 72.0% (-0.4%) Average daily rate (ADR): US$164.45 (+1.3%) Revenue per available room (RevPAR): US$118.37 (+0.9%) Among the Top 25 Markets, New Orleans saw the highest year-over-year occupancy increase (+16.9% to 66.7%). ...
STR: U.S. Hotel Performance for March 2023
STR | April 20, 2023
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported higher performance from the month prior, according to March 2023 data from STR. March 2023 (percentage change from March 2019): Occupancy: 65.3% (-4.0%) Average daily rate (ADR): US$158.17 (+19.1%) Revenue per available room (RevPAR): US$103.35 (+14.4%) Among the Top 25 Markets, Tampa experienced the highest occupancy level (84.0%), which was down 3.8% from the market’s 2019 benchmark. Markets with the lowest occupancy for the month included Minneapolis (53.3%), Detroit (58.6%) and Philadelphia (58.6%). San Francisco reported the steepest decline ...
As Spring Break Volume Dipped, U.S. Hotel Occupancy Saw Decrease
STR | April 1, 2022
As Spring Break travel volume dipped, the U.S. hotel industry saw weekly occupancy decrease 1.3 percentage points to 65.5% for the week of 20-26 March 2022. As compared with a year ago, average occupancy for the past two weeks combined was nearly eight percentage points higher, while the gap to 2019 was down to five percentage points. Average daily rate (ADR) also softened 1.5% week on week with the absolute level (US$149) the third highest in history. With lower occupancy and ADR, revenue per available room (RevPAR) decreased 3.5% from the week prior. While the country saw an overall seasonal slowing in occupancy, several markets saw thei...
STR: U.S. Hotel Performance for January 2022
STR | February 22, 2022
HENDERSONVILLE, Tennessee — February 22, 2022 — The U.S. hotel industry reported lower performance to open the year, according to January 2022 data from STR. January 2022 (percentage change from January 2019): Occupancy: 47.8% (-12.6%) Average daily rate (ADR): US$123.51 (-0.3%) Revenue per available room (RevPAR): US$58.98 (-12.8%) Among the Top 25 Markets, Miami experienced the highest occupancy level (68.2%), which was still down 12.9% from the market’s 2019 benchmark. Markets with the lowest occupancy for the month included Chicago (35.4%) and Minneapolis (36.1%). San Francisco/San Mateo repo...
STR: U.S. Hotel Performance for December 2021
STR | January 20, 2022
HENDERSONVILLE, Tennessee — January 20, 2022 — The U.S. hotel industry posted solid performance in comparison with pre-pandemic levels, according to December 2021 data from STR. December 2021 (percentage change from December 2019): Occupancy: 53.3% (-1.4%) Average daily rate (ADR): US$135.28 (+6.7%) Revenue per available room (RevPAR): US$72.15 (+5.2%) U.S. demand reached 90.8 million room nights sold, which was just above December 2019 (90.6m) and the highest for any December on record. ADR and RevPAR also hit all-time highs for the month. Among the Top 25 Markets, Oahu Island experienced the highest occu...
STR: U.S. Hotel Performance for November 2021
STR | December 21, 2021
HENDERSONVILLE, Tennessee — December 21, 2021 — The U.S. hotel industry reported lower performance than the month prior but better indexed comparisons with 2019, according to November 2021 data from STR. November 2021 (percentage change from November 2019): Occupancy: 57.6% (-6.2%) Average daily rate (ADR): US$128.50 (+2.4%) Revenue per available room (RevPAR): US$74.03 (-3.9%) Among the Top 25 Markets, New York City experienced the highest occupancy level (71.2%), which was still down 17.9% from the market’s 2019 benchmark. None of the Top 25 Markets saw an occupancy increase over October 2019. Market...
STR: U.S. Hotel Performance for October 2021
STR | November 19, 2021
HENDERSONVILLE, Tennessee — November 19, 2021 — The U.S. hotel industry reported higher performance than the month prior, according to October 2021 data from STR. October 2021 (percentage change from October 2019): Occupancy: 62.9% (-8.8%) Average daily rate (ADR): US$134.78 (+1.2%) Revenue per available room (RevPAR): US$84.75 (-7.6%) Among the Top 25 Markets, Nashville experienced the highest occupancy level (71.8%), which was still down 11.9% from the market’s 2019 benchmark. None of the Top 25 Markets saw an occupancy increase over October 2019. Markets with the lowest occupancy for the month inclu...
STR: U.S. Hotel Performance for September 2021
STR | October 19, 2021
HENDERSONVILLE, Tennessee — October 19, 2021 — The U.S. hotel industry reported lower performance from the month prior, according to September 2021 data from STR. September 2021 (percentage change from September 2019): Occupancy: 61.6% (-8.2%) Average daily rate (ADR): US$133.11 (+1.0%) Revenue per available room (RevPAR): US$82.04 (-7.3%) Among the Top 25 Markets, Denver experienced the highest occupancy level (71.4%), which was still down 12.0% from the market’s 2019 benchmark. None of the Top 25 Markets saw an occupancy increase over 2019. Markets with the lowest occupancy for the month in...
