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STR: Thanksgiving holiday drags U.S. hotel performance in the fourth week of November

Minneapolis reported the largest occupancy increase

STR: Thanksgiving holiday drags U.S. hotel performance in the fourth week of November

U.S. HOTEL PERFORMANCE was down in the fourth week of November compared to the week before due to the Thanksgiving holiday, according to STR. However, hotel performance was mixed when compared to same period in 2019.

Occupancy was 50.4 percent for the week ending Nov. 26, down from 63 percent the week before and decreased 0.5 percent from 2019. ADR was $135.49 during the week, down from $144.50 the week before and up 20.4 percent from three years ago. RevPAR reached $68.27 during the week, down from $91.02 the week before and up 19.9 percent from 2019.


Minneapolis reported the largest occupancy increase among STR’s top 25 markets, up 7.6 percent to 42 percent, over 2019.

Phoenix posted the highest ADR during the fourth week, up 42.7 percent to $151.24, and RevPAR, increased 44.8 percent to $85.05, over three years ago. San Francisco registered the only RevPAR decrease, down 21 percent to $73.73, over 2019.

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D.C. minimum wage ballot initiative
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D.C. ballot initiative aims to raise minimum wage

Summary:

  • D.C. workers are backing a 2026 ballot initiative to raise the minimum wage to $25.
  • It would raise all workers’ wages while eliminating the tip credit.
  • Councilmember Janeese Lewis George opposed the wage amendment.

WORKERS ARE SEEKING higher pay from District of Columbia officials in a November 2026 ballot initiative to raise the minimum wage to $25 by July 1, 2029. The initiative would phase in the increase for all workers, including hotel workers, and eliminate the tip credit.

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