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Hotel Occupancy in US Falls For Eighth Consecutive Month

RevPAR slips for seventh straight month

Written by:

Harvey Chipkin

Published on:

Man unlocking a hotel door with a key card
Image: Shutterstock

Hotel occupancy in the US fell 2.4% year over year in October, according to STR, a hotel analytics provider. It was the eighth consecutive month of decline. Revenue per available room (RevPAR) also dropped for the seventh straight month.

Average daily rate (ADR) increased 1.5% year over year to $167.71, while occupancy dipped to 65.8%. RevPAR dropped 0.9% to $110.35. STR noted it expected November and December to “also be challenging months.”

The Top 25 markets in STR’s data, as has been the case, “showed higher occupancy and ADR than all other markets.” RevPAR in Washington, DC, declined 23.8% during the now-concluded US government shutdown, and 6.2% year over year in the third and fourth weeks of October respectively, according to STR. 

For the seventh straight month, New York registered the highest October occupancy rate among STR’s top 25 US cities at 89.4%, though that figure was down 1.6% year over year. Tampa posted the lowest monthly occupancy at 62.5%, followed by St. Louis at 63.1%. 

Categories: Lodging | News | NewsTags: Lodging | STR

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