STR: Long weekend boosts U.S. hotel performance

Lifted by the long Columbus Day weekend, U.S. hotel performance rose to a level similar to late-summer during the week of Oct. 3-9, according to STR's latest data. For the week, occupancy reached 63.9 percent, down 9.6 percent from the comparable week in 2019 but up from 61.7 percent the previous week. Average daily rate reached $134.63, up 2.4 percent from 2019 and up from $130.87 the previous week, while revenue per available room reached $86.02, down 7.4 percent from 2019 but up from $80.78 the week before.

The occupancy level was the highest since the week ending Aug. 14, while ADR came in higher than every week since the one ending Aug. 21.

Top Markets

While none of the top 25 markets recorded an occupancy increase over 2019, Tampa, Fla., came closest to its 2019 comparable (down 3.5 percent to 66.8 percent). Driven by ADR, the market reported the largest RevPAR gain when compared with 2019 (up 12.2 percent to $91.67). 

Oahu Island experienced the steepest occupancy decline from 2019 (down 45.1 percent to 46.9 percent). 

Miami reported the largest ADR increase when compared with 2019 (up 22.2 percent to $186.78). 

The largest RevPAR deficits were in San Francisco/San Mateo (down 61.3 percent to $93.03) and Oahu Island, Hawaii, (down 50.7 percent to $98.83).