U.S. HOTEL PERFORMANCE bounced back in the third week of July after two consecutive weeks of lower demand due to the Independence Day holiday, according to STR.
Hotel occupancy was 72 percent for the week ending July 16, up from 63.3 percent the week before and dropped 7.4 percent from 2019. ADR was $157.23 for the week, up from $153.71 the week before and increased 14.9 percent from three years ago. RevPAR reached $113.28 during the week, up from $97.37 the week before and increased 6.4 percent from 2019.
San Diego reported the only occupancy increase among STR’s top 25 markets during the week, up 1 percent to 89.9 percent, over 2019. According to STR,
San Diego (89.9 percent), Oahu Island (87.2 percent) and Seattle (85.8 percent) led the major markets in absolute occupancy.
Miami posted the largest ADR gain, up 29.9 percent to $204.15, over three years ago. Only San Francisco reported an ADR decrease, down 4.1 percent to $229.24, compared to 2019.
The steepest RevPAR deficits were in San Francisco, down 20.7 percent to $168.69, followed by Minneapolis, dropped 15.5 percent to $100.84, over 2019.
