For the Week Ending June 26th U.S. Hotel Occupancy Hit Its Highest Level Since Late October 2019

For the Week Ending June 26th U.S. Hotel Occupancy Hit Its Highest Level Since Late October 2019



In addition to occupancy reaching its highest point since the week ending 26 October 2019, ADR and RevPAR were the highest of the pandemic-era.

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

For the Week Ending June 26th U.S. Hotel Occupancy Hit Its Highest Level Since Late October 2019

U.S. weekly hotel occupancy hit its highest level since late October 2019, according to STR‘s latest data through 26 June.

20-26 June 2021 (percentage change from comparable week in 2019*):

  • Occupancy: 69.9% (-7.3%)
  • Average daily rate (ADR): US$133.36 (-0.5%)
  • Revenue per available room (RevPAR): US$93.19 (-7.8%)

In addition to occupancy reaching its highest point since the week ending 26 October 2019, ADR and RevPAR were the highest of the pandemic-era. Weekend occupancy surpassed the 2019 comparable for the second time in three weeks, while ADR was 13% higher than the corresponding weekend from June 2019.

Among the Top 25 Markets, Tampa saw the only occupancy increase over 2019 (+3.5% to 78.5%).

San Francisco/San Mateo experienced the steepest decline in occupancy when compared with 2019 (-39.3% to 53.4%).

Miami reported the largest increases over 2019 in both ADR (+48.5% to US$222.95) and RevPAR (+44.7% to US$163.37).

The largest RevPAR drops were in San Francisco/San Mateo (-59.3% to US$84.14) and Boston (-53.9% to US$90.07).

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

Boston

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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