U.S. hotel occupancy came in lower than the previous week but reached an all-time high on Christmas, according to STRs latest data through 25 December.
U.S. hotel occupancy came in lower than the previous week but reached an all-time high on Christmas, according to STR‘s latest data through 25 December.
19-25 December 2021 (percentage change from comparable week in 2019*):
- Occupancy: 44.3% (-8.7%)
- Average daily rate (ADR): US$129.67 (+0.5%)
- Revenue per available room (RevPAR): US$57.46 (-8.3%)
Christmas day occupancy (47.2%) was just above the previous high from 2015 (47.0%).
While Omicron-related closures and service disruptions affected performance in New York City, overall U.S. occupancy was less impacted. A steeper decline from 2019 levels was due more to a calendar shift, as Christmas in 2019 fell on a Wednesday and allowed for an earlier return to non-holiday weekend levels that year.
While none of the Top 25 Markets recorded an occupancy increase over 2019, Dallas came closest to its 2019 comparable (-2.8% to 43.6%).
San Diego registered the largest ADR increase when compared with 2019 (+12.5% to US$147.05).
The largest RevPAR deficits were in San Francisco/San Mateo (-32.0% to US$65.66) and New York City (-30.0% to US$143.80).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.