Skip to content

Search

Latest Stories

STR: U.S. hotel performance up in week ending March 12

Miami closest among top 25 markets to reaching 2019 levels

STR:  U.S. hotel performance up in week ending March 12

U.S. HOTEL PERFORMANCE was up in the second week of March from the week before, according to STR. ADR was up during the week compared to two years ago.

Occupancy was 63.2 percent for the week ending March 12, up from 61.2 percent  the week before and down 9.8 percent for the same period in 2019. ADR was $144.68 for the week, increased from $137.96 the week before and up7.7 percent from two years ago.


RevPAR was $91.45 for the week, up from $84.39 the week before and down 2.8 percent from the same period two years ago.

None of STR's top 25 markets showed an occupancy increase during the period when compared to two years ago. Miami came closest to its 2019 comparable, down 4.7 percent to 84.1 percent.

Anaheim posted the highest ADR, up 34.4 percent to $217.87 and RevPAR, rose 25.9 percent to $168.60) over the same period two years ago.

San Francisco/San Mateo experienced the largest occupancy decrease, down 29.7 percent to 56.3 percent, from 2019.

The steepest RevPAR deficits were in San Francisco/San Mateo, which decreased 44.9 percent to $101.77, followed by Washington, D.C., down 37.5 percent to $83.01.

More for you

Kabani Hotel Group Wraps 9th Annual Hotel Investment Forum
Photo credit: Kabani Hotel Group

Kabani wraps 9th investment forum

Summary:

  • Kabani Hotel Group concluded its 9th Annual Investment Forum in Miami.
  • Speakers included Peachtree’s Friedman and Wyndham’s Ballotti.
  • The trade show offered collaboration and industry business opportunities.

MORE THAN 300 HOTEL owners, investors, developers, lenders and executives attended Kabani Hotel Group’s 9th Annual Hotel Investment Forum at the JW Marriott Marquis in Miami, Florida. The forum was created to offer collaboration and industry business opportunities.

Speakers included Greg Friedman, CEO of Peachtree Group; Mitch Patel, founder and CEO of Vision Hospitality; and Geoff Ballotti, president and CEO of Wyndham Hotels & Resorts.

Keep ReadingShow less