November U.S. hotel RevPAR was $88.36, up 2.4 percent year over year, but down from $106.38 from the month prior. In November, U.S. hotel ADR was $151.23, up 3.6 percent year over year, while down from $161.56 in October.
U.S. hotel occupancy in November was 58.4 percent, down 1.2 percent year over year and down from 65.8 percent last month. November U.S. hotel industry metrics were "as expected" according to STR.
New York City again reported the highest November occupancy level among STR's top 25 markets at 84 percent, up 6.3 precent year over year. On the opposite end of the dial, markets with the lowest occupancy for the month included Minneapolis at 49.1 percent and St. Louis at 53.2 percent, according to STR.
Additionally, STR's top 25 markets again "showed higher occupancy and ADR than all other markets," the company said.
Tags: STR
