The U.S. hotel industry posted solid performance in comparison with pre-pandemic levels, according to December 2021 data from STR.
December 2021 (percentage change from December 2019):
- Occupancy: 53.3% (-1.4%)
- Average daily rate (ADR): $135.28 (+6.7%)
- Revenue per available room (RevPAR): $72.15 (+5.2%)
U.S. demand reached 90.8 million room nights sold, which was just above December 2019 (90.6m) and the highest for any December on record. ADR and RevPAR also hit all-time highs for the month.
Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (75.0%), which was still down 9.8% from the market’s 2019 benchmark.
Norfolk/Virginia Beach saw the largest occupancy increase over December 2019 (+7.0% to 51.0%).
Markets with the lowest occupancy for the month included Minneapolis (41.8%) and Washington, D.C. (45.3%).
San Francisco/San Mateo reported the steepest decline in occupancy when compared with 2019 (-25.6%).
Overall, the Top 25 Markets showed higher occupancy and ADR than all other markets.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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.
The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at sricca@hotelnewsnow.com.