U.S. hotel occupancy in October dropped 2.4 percent year over year, the eighth consecutive month of decline, according to hotel analytics firm STR. Revenue per available room also dropped for the seventh straight month.
U.S. average daily rate increased 1.5 percent year over year to $167.71, while occupancy dipped to 65.8 percent. RevPAR dropped 0.9 percent to $110.35.
U.S. occupancy and RevPAR haven't increased since February and March, respectively. STR separately noted it expected November and December to "also be challenging months."
As is typical, STR said its top 25 markets "showed higher occupancy and ADR than all other markets." RevPAR in Washington, D.C., amid the now-concluded U.S. government shutdown, declined 23.8 percent and 6.2 percent year over year on the third and fourth weeks of October, respectively, STR said.
For the seventh straight month, New York City registered the highest October occupancy rate among STR's top 25 U.S. cities at 89.4 percent, though that figure was down 1.6 percent year over year.
Tampa in October posted the lowest monthly occupancy at 62.5 percent, followed by St. Louis, Mo., at 63.1 percent.
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