Honolulu

Hotels across U.S. struggle with sliding occupancies – Honolulu, Hawaii

Honolulu, Hawaii 2021-10-10 11:26:30 –

Washington DC-Hotels across the United States continue to struggle despite the recovery of the US economy.

Hawaii’s Oahu has been hit hardest, with its share dropping to 43.8 percent.

Oahu, which houses Honolulu, and therefore Waikiki, fell from 46.1 percent a week ago to 43.8 percent.

Statistics are from the heavyweight industry monitor STR.

Phoenix, Arizona, performed best in the United States during the week from September 26th to October 2nd, 2021, with a 66% occupancy, 1.8% higher than the previous week.

Nationally, US hotels recorded 61.7%, a significant decrease of 9.7% compared to the same week in 2019 before the pandemic.

The average daily interest rate was $ 130.87, up 1.2% from two years ago, almost inconsistent with inflation.

Revenue per available room was down 8.2% to $ 80.78.

Miami recorded the largest increase in daily rates, rising 20.6 percent to $ 174.10.

Of the top 25 markets, Phoenix recorded the only increase in market share in 2019, up 1.8% to 66%. The market also recorded the largest RevPAR profit compared to 2019, up 15.2% to $ 88.82. On Oahu, Hawaii, it plummeted from 43.8% to 46.1% from 2019.

Miami reported the largest increase in ADR compared to 2019, up 20.6% to $ 174.10.

The worst performances were in San Francisco, California, down 52.6% to $ 97.51 and Oahu, down 50.1% to $ 94.06.

Hotels across U.S. struggle with sliding occupancies Source link Hotels across U.S. struggle with sliding occupancies

Back to top button