U.S. hotel results for week ending 9 October - Insights

U.S. hotel results for week ending 9 October

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U.S. hotel resultsLifted by the long Columbus Day weekend, U.S. hotel performance rose to a level similar to late-summer, according to STR‘s latest data through 9 October.  

3-9 October 2021 (percentage change from comparable week in 2019*):

  • Occupancy: 63.9% (-9.6%)
  • Average daily rate (ADR): US$134.63 (+2.4%)
  • Revenue per available room (RevPAR): US$86.02 (-7.4%)

The occupancy level was the highest since the week ending 14 August, while ADR came in higher than every week since the one ending 21 August.

While none of the Top 25 Markets recorded an occupancy increase over 2019, Tampa came closest to its 2019 comparable (-3.5% to 66.8%). Driven by ADR, the market reported the largest RevPAR gain when compared with 2019 (+12.2% to US$91.67).

Oahu Island experienced the steepest occupancy decline from 2019 (-45.1% to 46.9%).

Miami reported the largest ADR increase when compared with 2019 (+22.2% to US$186.78).

The largest RevPAR deficits were in San Francisco/San Mateo (-61.3% to US$93.03) and Oahu Island (-50.7% to US$98.83).

*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.

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