STR: Preholiday occupancy continues decline

Tampa/St. Petersburg, Fla., (50.4 percent) was the only top 25 market to reach or surpass 50 percent occupancy for the week. Photo credit: Pixabay / skeeze (Tampa skyline)

U.S. weekly hotel occupancy has continued to slip further from previous weeks, according to the latest data from STR. For the week of Nov. 15–21, occupancy dropped to 41.2 percent, down 32.6 percent from the comparable week in 2019 and down from the three preceding weeks, which had occupancy levels of 43.2 percent, 44.4 percent and 44.1 percent.

Average daily rate reached $88.54, down 29 percent from 2019, and revenue per available room reached $36.45, down 52.2 percent from the year before. 

Top Markets

Aggregate data for the top 25 markets showed lower occupancy (37.8 percent) but higher ADR ($94.21) than all other markets.

Tampa/St. Petersburg, Fla., (50.4 percent) was the only top 25 market to reach or surpass 50 percent occupancy. Markets with the lowest occupancy levels for the week included Oahu Island in Hawaii (22.9 percent) and Chicago (26.6 percent).