U.S. hotel performance came in higher than any other Thanksgiving week on record, according to STR‘s latest data through November 27.
November 21-27, 2021 (percentage change from comparable week in 2019*):
- Occupancy: 53.0% (+4.6%)
- Average daily rate (ADR): $128.41 (+14.3%)
- Revenue per available room (RevPAR): $68.00 (+19.6%)
Among the Top 25 Markets, Dallas saw the largest occupancy increase over 2019 (+12.2% to 54.8%).
Oahu Island experienced the steepest occupancy decline from 2019 (-25.3% to 58.5%).
Phoenix reported the largest ADR increase when compared with 2019 (+35.1% to $143.30).
None of the Top 25 Markets posted lower ADR decline than the 2019 comparable.
The largest RevPAR deficits were in Oahu Island (-20.7% to $147.63) and San Francisco/San Mateo (-18.1% to $76.37).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
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.
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