Finance & DevelopmentSTR: U.S. Hotel Occupancy Up Slightly in the First Week of December

STR: U.S. Hotel Occupancy Up Slightly in the First Week of December

HENDERSONVILLE, Tennessee—In the first week of December, U.S. weekly hotel occupancy increased slightly from the previous week, according to the latest data from STR for November 29-December 5, 2020.

Compared to the week of December 1-7, 2019, occupancy for the week of November 29-December 5, 2020, declined 37.9 percent year over year to a level of 37.4 percent, average daily rate (ADR) fell 33.1 percent to $86.21, and revenue per available room (RevPAR) dropped 58.4 percent to $32.23.

With slightly higher demand after Thanksgiving, occupancy improved after several weeks of lowering levels: 36.2 percent for the week of November 22-28; 41.2 percent for November 15-21; 43.2 percent for November 8-14; and 44.1 percent for November 1-7. With a tougher year-over-year comparable, however, the country’s RevPAR decline was its worst since late June.

U.S. Hotel Industry Performance

Nov. 29-Dec. 5, 2020 vs. Dec. 1-7, 2019

 

Occupancy: 37.4% (-37.9%)
ADR: $86.21 (-33.1%)
RevPAR: $32.23 (-58.4%)

Aggregate data for the Top 25 Markets for the week of November 29-December 5, 2020, showed lower occupancy (35.1 percent) but higher ADR ($91.43) than all other markets.

Among the Top 25 Markets, Tampa/St. Petersburg, Florida, (46.1 percent) saw the highest occupancy level.

Markets with the lowest occupancy levels for the week of November 29-December 5, 2020 included Minneapolis/St. Paul, Minnesota-Wisconsin (24.5 percent), and Oahu Island, Hawaii (21.2 percent).

 


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