Weekly U.S. hotel performance trended upward for a second straight week, defying expectations of a seasonal slowdown compounded by an increase in COVID-19 hospitalizations, and pointing to better-than-expected business demand.
The gap between the latest weekly data and the comparable week in 2019 also narrowed slightly in some key performance metrics.
According to data from STR, CoStar’s hospitality analytics firm, U.S. hotel industry revenue per available room, on a total-room-inventory basis that accounts for temporarily closed hotels, for the week ending Sept. 25 was 84.8% of what it was during the comparable week in 2019.
