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RevPAR looking more like 2019 for much of U.S.; D.C. and New York State still behind

Source: https://str.com/data-insights-blog/50-state-demand-state-level-recovery-lines

STR’s latest 51-chart map shows a variety of recent national/regional trends as well as the general pace of the industry’s continued recovery.

During the early weeks of autumn, revenue per available room (RevPAR) on a total-room-inventory (TRI) basis looked like 2019 for more markets. For the four weeks ending 16 October, 18 states outperformed their comparable 2019 RevPAR. That number was down from 21 states last month, but if we widen to “close misses” (i.e., an index score of 90 or higher), 37 states showed at least respectable returns toward their normal RevPAR.

Compared with 2019, the best recent four-week RevPAR surpluses occurred in Montana and Maine (both indexing 138) followed by Mississippi (123).

In terms of month-over-month change, Washington D.C. experienced the sharpest average RevPAR percent/dollar upturn, rising 63% from $69 to $113. However, D.C.’s indexed RevPAR score was just 50. Although that value was up 9 points from the previous month, RevPAR is still only half of 2019 levels. New York State is also still behind the pace, losing 4 points in its indexed RevPAR (60) as a result of lower business compared with typical early fall weeks.

As expected, this fall’s slow return of conferences/group bookings has held back most markets’ weekday performance. Stronger weekend performance, in contrast, has provided a much-needed boost to overall industry indicators.

To learn more about the data behind this article and what STR has to offer, visit https://str.com/.

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ETR is a primary technology market research firm, capturing real-time evaluations and spending intentions from thousands of enterprise-leading technologists.

For almost 10 years, Global 2000 corporations have trusted ETR’s proprietary technology research to capture real-time market activity. ETR produces market research through standardized surveys and round table discussions, not analyst opinions – our data driven approach quantifies the narrative driving the technology landscape. Marketing, Investor Relations, Corporate Strategy and Corporate Venture Capital teams no longer need to rely on anecdotal evidence to make business decisions. Vendors covered in our surveys gain mindshare among global IT leadership & gain key insights into navigating their competitive landscapes.