U.S. HOTEL PERFORMANCE increased in the fourth week of February from the week before, according to STR. Occupancy, ADR and RevPAR also showed significant improvement when compared to same period in 2019.
Occupancy was 62.2 percent for the week ending Feb. 26, up from 59.1 percent the week before and down 4.7 percent for the same period in 2019. ADR was $143.83 for the week, increased from $140.11 the week before and up 13.1 percent from two years ago.
RevPAR was $89.45 for the week, up from $82.87 the week before and increased 7.7 percent from the same period two years ago.
Among STR’s top 25 markets, Orlando recorded the largest occupancy increase, up 6.7 percent to 85.9 percent, over 2019.
“Helped by the South Beach Wine & Food Festival, Miami posted the highest ADR, up 47 percent to $365.64, and RevPAR, up 55.1 percent to $325.36, increases over 2019,” STR said.
According to STR, San Francisco/San Mateo experienced the largest occupancy decrease, down 31.9 percent to 53.7 percent from 2019.
The steepest RevPAR deficits were in San Francisco/San Mateo, fell 52.6 percent to $87.68, followed by Washington, dropped 45.7 percent to $61.61, when compared to 2019.
