u.s. hotel markets
NYC Leading U.S. Markets, Boston, D.C. and Alaska Join Occupancy Leaderboard
STR | May 25, 2023
Analysis by M. Brian Riley U.S. hotel performance produced an incremental gain during the four weeks ending 13 May, a period that falls in between the heavy, summer travel season and earlier year peaks that include solid leisure travel, improved demand from conventions and group bookings, and returning business travel in larger markets. At a market-level, New York City continued to hold down the top occupancy spot while markets like Boston, Washington, D.C. and Alaska joined the leaderboard. Four-weeks ending 13 May 2023: Occupancy grew 1.4 percentage points (ppts) from the previous four weeks to 66.0%. Occupancy was u...
Largest U.S. Hotel Markets Showed Considerable RevPAR Gains as Spring 2022 Began
STR | April 20, 2022
More than two-thirds of STR-defined U.S. hotel markets (113 of 165) outperformed their 2019 comparables over the four weeks ending 9 April 2022, which is reflective of the industry’s rebound toward normalcy as well as some influence from inflation. Only seven markets in total over the 28-day period reported revenue-per-available-room (RevPAR) indices below 80 (20% below 2019 levels). Late March into early April 2022 also marked a key turnaround in the number of major markets making appreciable performance gains toward historical performance levels. A dozen of the Top 25 Markets experienced RevPAR that was 20% or higher month over month. ...
Report: 21 of Top 25 U.S. Hotel Markets in Depression or Recession
AHLA | July 1, 2021
WASHINGTON – July 1, 2021 – Despite an uptick in leisure travel, a new report released by the American Hotel & Lodging Association (AHLA) shows that the road to recovery for the hotel industry is long with 21 of the top 25 U.S. hotel markets remaining in a depression or recession. The new data shows urban hotels are still in a “depression” cycle while the overall U.S. hotel industry remains in a “recession.” Urban markets, which rely heavily on business from events and group meetings, continue to face a severe financial crisis as they have been disproportionately impacted by the pandemic. Urban hotels were down 52% i...
From First Place to MVP – A Look at Which U.S. Markets “Outperformed” in 2020
STR | February 10, 2021
Once the COVID-19 pandemic reached the states, it was only a matter of time before the tourism industry saw the effects of stay-at-home orders, social distancing and other restrictions. What started as a solid year for the U.S. hotel industry soon took a turn, and April became the worst month on record for hotels in the country. Occupancy fell to 24.4%, when a year earlier, it reached roughly 68%. ADR dropped to US$73.18, and that, paired with the low occupancy, resulted in a RevPAR level of just US$17.85. Luckily for hotels, the weather was heating up, and so was weekend leisure travel. Beaches and other outdoor locations, such as hiking ...
