US Hotel Occupancy Down Slightly While Rates Continue to Increase Compared With 2019
Miami saw largest price increase last week while San Francisco/San Mateo saw biggest occupancy drop >>
by: Harvey Chipkin
US hotel occupancy dipped while average daily rate (ADR) was up from previous weeks and the comparable period in 2019, according to STR‘s latest data through July 3. For the week of June 27 through July 3 (percentage change from comparable week in 2019): • Occupancy: 65.4% (down 0.1%) • Average daily rate (ADR): $135.35 (up 5.8%) • Revenue per available room (RevPAR): $88.51 (up 5.7%)
While occupancy was down because of the holiday week, overall comparisons were more favorable because of low performance during the corresponding week of 2019. That week in 2019 was lower due to the 4th of July falling on a Thursday. Among the Top 25 Markets, Phoenix (up 14% to 60.2%) and Detroit (up 13.1% to 64.4%) saw the only double-digit occupancy increases over 2019. San Francisco/San Mateo experienced the steepest decline in occupancy when compared with 2019 (down 32% to 50.9%). Miami reported the largest ADR increase over 2019 (up 35.1% to $219.60), while Phoenix saw the highest jump in RevPAR (up 43.1% to $66.11).
The largest RevPAR drops were in New Orleans (down 45.3% to $66.48) and San Francisco/San Mateo (down 39.6% to $80.13).
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