STR: U.S. hotel results for week ending 30 October
As anticipated ahead of Halloween, U.S. hotel performance fell week over week, according to STR‘s latest data through 30 October.
As anticipated ahead of Halloween, U.S. hotel performance fell week over week, according to STR‘s latest data through 30 October.
24-30 October 2021 (percentage change from comparable week in 2019*):
- Occupancy: 58.9% (-5.7%)
- Average daily rate (ADR): US$127.70 (+1.5%)
- Revenue per available room (RevPAR): US$75.28 (-4.3%)
Even with a drop in performance levels from previous weeks, comparisons with the matching week in 2019 improved because Halloween that year fell on a Thursday and created a more significant disruption in business travel and groups.
Among the Top 25 Markets, Tampa saw the only occupancy increase over 2019 (+4.8% to 65.7%). The market also reported the largest increases in ADR (+18.2% to US$131.57) and RevPAR (+23.9% to US$86.43) when compared with 2019.
Oahu Island reported the steepest occupancy decline from 2019 (-42.2% to 46.5%)
The largest RevPAR deficits were in San Francisco/San Mateo (-49.6% to US$96.22) and Oahu Island (-46.6% to US$96.09).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
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