U.S. hotels end 2021 with strong final week
Jena Tesse Fox Jan 6, 2022
U.S. hotel average daily rate reached an all-time weekly high during the final week of 2021, according to STR‘s latest data through Jan. 1. Occupancy reached 54.3 percent, up 10.7 percent from the comparable week in 2019 and up from 44.3 percent the previous week. ADR reached $157.91, up 15.1 percent from 2019 and up from $129.67 the previous week, and revenue per available room reached $85.74, up 27.4 percent from two years ago and up from $57.46 the week before.
Top Markets
Though the record-breaking ADR level was highlighted by luxury resorts, the top 25 markets reached almost $200 in aggregate, led by Miami ($455.31) and Oahu, Hawaii ($411.47).
Among those top 25 markets, Norfolk/Virginia Beach, Va., recorded the largest occupancy increase over the prepandemic comparable, up 25.3 percent to 49.4 percent.
Phoenix registered the largest ADR increase, up 36.9 percent to $155.71.
The only RevPAR deficits were in San Francisco/San Mateo (down 19.6 percent to $82.18), Oahu Island (down 10.6 percent to $329.10), and New York City (down 10 percent to $185.07).
Original article posted by Jena Tesse Fox was posted on hotelmanagement.net and can be found here: https://www.hotelmanagement.net/operate/us-hotels-end-2021-strong-final-week