Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Industries Hotels/Tourism Va. hotel revenues remain below 2019 levels

Va. hotel revenues remain below 2019 levels

September revenues decreased 21% from 2019

Published October 19, 2021 by Katherine Schulte

Virginia hotel revenues for September decreased by 21% compared with pre-pandemic levels in September 2019, according to newly released data from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry.

During the same period, hotel rooms sold decreased by 6%. The average daily rate (ADR) paid for hotel rooms decreased 2% from the September 2019 rate to $112.50, while revenue per available room (RevPAR) fell to $69.38, an 8% decrease from its September 2019 level.

The September ADR is a slight improvement from 2020 levels, but Virginia Restaurant, Lodging & Travel Association President Eric Terry has said that comparisons to 2019 numbers are more balanced than comparisons to 2020. In the first full week of September 2020, the ADR was $90.28, and the RevPAR was $41.81. From Sept. 13 to Sept. 19, Virginia hotel’s ADR was $88.27 and its RevPAR $42.41, and for the week ending Oct. 3, the ADR was $86.20 and the RevPAR $41.25.

The concern continues to be Northern Virginia, which is suffering from a lack of corporate and government travel as well as group meetings, Terry said.

“We’re seeing some basic recovery in Hampton Roads and Richmond and those areas, but just not so much in Northern Virginia,” he said. “Unfortunately, that’s the bulk of our hotel rooms. We have more hotel rooms in Arlington than in any other jurisdiction in the state.”

Arlington has a 48% hotel room occupancy rate, and the Tysons/Fairfax area a 51% rate, he said.

In Northern Virginia, hotel revenue decreased 39% compared with September 2019 levels. The Charlottesville market saw a 1% increase from its September 2019 revenue, and the Hampton Roads market had a 21% increase. Revenues increased in all Hampton Roads submarkets — by 8% in Williamsburg, 10% in Newport News/Hampton, 19% in Chesapeake/Suffolk, 20% in Norfolk/Portsmouth and 31% in Virginia Beach.

The number of rooms sold last month decreased by 24% in Northern Virginia and 10% in Charlottesville compared with September 2019. Hampton Roads’ number was unchanged, although the Norfolk/Portsmouth submarket had an 8% increase in rooms sold.

Subscribe to Virginia Business. Get our daily e-newsletter.

Related Stories

Virginia Business logo

Va. hotel revenues still lagging pre-pandemic levels

June revenues decreased 22% compared with June 2019

Hilton Richmond Hotel and Spa in Short Pump. Photo courtesy Tripadvisor

Va. hotels expect $1.5B loss in 2021 biz travel

Nationwide business travel revenue expected to be down 66%

Virginia Business logo

Hotel revenues down 39% in February

Rooms sold declined 23%, ODU reports

Trending

13th annual Best Places to Work

Report: Air taxis could land Va. $16B in new biz by 2045

Magical moments

Morrissey’s Petersburg casino bill fails in Senate Finance

Cox expands Myers’ role to East Coast

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

13th annual Best Places to Work

Report: Air taxis could land Va. $16B in new biz by 2045

Magical moments

Morrissey’s Petersburg casino bill fails in Senate Finance

Cox expands Myers’ role to East Coast

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk