Each of the U.S. lodging industry's three key performance indicators in November declined from October levels, according to STR. Performance figures show that the industry's recovery from the effects of the coronavirus, which was gaining steam this past summer, has hit a roadblock this fall. The lack of a meaningful return of business travel, which typically aids hotels after the busy summer leisure season tapers off, persists.
November U.S. hotel occupancy was 40.3 percent, down from 48.3 percent in October. Average daily rate declined 27.7 percent year over year to $90.92, compared with $97.61 last month. Revenue per available room fell 52.6 percent from November 2019 levels to $36.67. It was down 48.8 percent year over year to $47.13 in October.
Among the top 25 markets, Phoenix reported the highest occupancy level at 49.6 percent, followed by Tampa/St. Petersburg at 48.8 percent, and Atlanta at 46.5 percent.
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