For the Week Ending June 5th U.S. Weekly Hotel Performance Remained Relatively Flat from the Previous Week but Still Reached Pandemic-era Highs

For the Week Ending June 5th U.S. Weekly Hotel Performance Remained Relatively Flat from the Previous Week but Still Reached Pandemic-era Highs



Among the Top 25 Markets, Miami saw the largest increases over 2019 across each of the three key performance metrics: occupancy (+9.0% to 77.1%), ADR (+69.1% to US$257.24) and RevPAR (+84.2% to US$198.30).

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

For the Week Ending June 5th U.S. Weekly Hotel Performance Remained Relatively Flat from the Previous Week but Still Reached Pandemic-era Highs



STR;

U.S. weekly hotel performance remained relatively flat from the previous week but still reached pandemic-era highs, according to STR‘s latest data through 5 June.

30 May through 5 June 2021 (percentage change from comparable week in 2019*):

  • Occupancy: 61.9% (-14.0%)
  • Average daily rate (ADR): US$123.49 (-6.7%)
  • Revenue per available room (RevPAR): US$76.44 (-19.7%)

Each of the three key performance metrics were the highest of the pandemic era.

Among the Top 25 Markets, Miami saw the largest increases over 2019 across each of the three key performance metrics: occupancy (+9.0% to 77.1%), ADR (+69.1% to US$257.24) and RevPAR (+84.2% to US$198.30).

Tampa reported the second-largest increases over 2019 in both ADR (+21.8% to US$148.13) and RevPAR (+23.7% to US$109.96). Boston saw the steepest decline in occupancy when compared with 2019 (-45.2% to 47.7%). 

The largest RevPAR deficits were in Boston (-69.0% to US$64.57) and San Francisco/San Mateo (-68.1% to US$70.28).

*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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