For the Week Ending June 12th U.S. Hotel Occupancy Reached Its Highest Weekly Level Since Early November 2019

For the Week Ending June 12th U.S. Hotel Occupancy Reached Its Highest Weekly Level Since Early November 2019



While weekday occupancy was still down double digits from the corresponding days in 2019, weekend occupancy was 0.2% (Friday) and 3.2% (Saturday) higher than the 2019 comparables.

Graphic - Source - STR - U.S. Hotel Occuoancy

For the Week Ending June 12th U.S. Hotel Occupancy Reached Its Highest Weekly Level Since Early November 2019

U.S. hotel occupancy reached its highest weekly level since early November 2019, according to STR‘s latest data through 12 June.

6-12 June 2021 (percentage change from comparable week in 2019*):

  • Occupancy: 66.0% (-10.3%)
  • Average daily rate (ADR): US$125.16 (-7.0%)
  • Revenue per available room (RevPAR): US$82.65 (-16.6%)

While weekday occupancy was still down double digits from the corresponding days in 2019, weekend occupancy was 0.2% (Friday) and 3.2% (Saturday) higher than the 2019 comparables. On a total-room-inventory basis, which includes those hotels temporarily closed due to the pandemic, total week occupancy was higher than 60% for the first time since the beginning of the pandemic. ADR and RevPAR were also the highest of the pandemic era on an absolute basis.

Among the Top 25 Markets, Tampa saw the largest occupancy increase over 2019 (+7.3% to 77.8%). Miami was the only other market to achieve an occupancy gain over 2019 (+2.1% to 75.7%).

San Francisco/San Mateo experienced the steepest decline in occupancy when compared with 2019 (-45.2% to 48.9%).

Miami reported the largest increases over 2019 in both ADR (+47.8% to US$229.84) and RevPAR (+50.9% to US$173.96).

The largest RevPAR deficits were in San Francisco/San Mateo (-67.5% to US$74.11) and Washington, D.C. (-60.7% to US$58.40).

*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Logos, product and company names mentioned are the property of their respective owners.

© 2021 Hotel News Resource



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