This week in Hospitality & Tourism #50 2021
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STR: U.S. hotel results for week ending 11 December
Of note, New York City reported the highest weekly occupancy level (81.5%) of any STR-defined U.S. market. NYC’s occupancy level was 13.0% lower than the 2019 comparable.
- Occupancy: 57.4% (-4.8%)
- Average daily rate (ADR): US$128.35 (+2.3%)
- Revenue per available room (RevPAR): US$73.73 (-2.7%)
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Amadeus Data Alert: US Holiday Season Hotel Occupancy Already Ahead of 2019 Booking Pace
For the 2021 holiday season, warm weather destinations lead the top markets for hotel occupancy in the US. Across both weeks, seven of the top markets are common including destinations in Florida, Hawaii, and California, though ranking varies slightly.
One of the most impactful trends throughout the last year and a half has been the short booking lead time.
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November U.S. Meetings and Events Reflect Normal Seasonality Trends, Knowland Reports
Average attendees per event outpaces the same period in 2019, offering positive indication for group business recovery
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Survey: 86% of Hotels Say Supply Chain Issues Impacting Operations
More Than 70% Experiencing Increased Costs, Lack of Availability for Key Items.