STR: Hotel occupancy holds steady during first week of November

Hotels in Phoenix achieved 55.1 percent occupancy for the week. (Hotel Management)

U.S. weekly hotel occupancy for the week of Nov. 1-7 was relatively flat from the previous week, according to the latest data from STR. 

Compared to the same week in 2019, occupancy at U.S. hotels dropped 35.9 percent to 44.2 percent, slightly down from 44.4 percent the previous week and the lowest the industry had seen since the week of June 14-20. Average daily rate was $91.40, down 31.1 percent from 2019, while revenue per available room was $40.36, 55.8 percent. 

Aggregate data for the top 25 markets showed lower occupancy (39.9 percent) but higher ADR ($97.13) than all other markets. Only two of those major markets reached or surpassed 50 percent occupancy: Phoenix (55.1 percent) and New Orleans (53.9 percent).

Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (24 percent), and Minneapolis/St. Paul/Wisconsin (30 percent).