STR: U.S. hotel occupancy continues decline

Chicago skyline on Lake Michigan
Chicago had one of the lowest occupancy rates of any major market in the country during the week ending Nov. 14. Photo credit: JaySi/iStock/Getty Images Plus/Getty Images

U.S. weekly hotel occupancy slipped further from previous weeks, according to the latest data from STR. For the week of Nov. 8–14, occupancy reached 43.2 percent, down 32.7 percent compared to the same week in 2019. Average daily rate was $90.58, down 28.6 percent year over year, and revenue per available room was $39.11, down 52 percent. 

After ranging between 48 percent and 50 percent occupancy from mid-July into the later portion of October, the last three weeks have produced levels of 44.4 percent, 44.1 percent and 43.2 percent, respectively.

Top Markets

Aggregate data for the top 25 markets showed lower occupancy (39.7 percent) but higher ADR ($96.31) than all other markets.

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Phoenix (52.7 percent) was the only top 25 market to reach or surpass 50 percent occupancy for the week, a significant drop from previous weeks when several markets achieved the metric.

Markets with the lowest occupancy levels for the week included Oahu Island in Hawaii (24 percent), and Chicago (29.3 percent).

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