For the Week Ending May 1st U.S. Weekly Hotel Occupancy Continues to Remain Flat from the Previous Week

For the Week Ending May 1st U.S. Weekly Hotel Occupancy Continues to Remain Flat from the Previous Week



While the overall weekly data was stagnant, weekend occupancy rose modestly and came in above 70% for the fourth straight week. However, the Top 25 Markets showed a lower occupancy level in aggregate with more properties reopening on top of lower demand.

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

Among those Top 25 Markets, Tampa (72.4%) and Miami (70.8%) experienced the highest occupancy levels, while Boston (40.6%) and Minneapolis (41.4%) came in the lowest.

U.S. hotel occupancy remained relatively flat compared with the previous week, according to STR‘s latest data through 1 May.

25 April through 1 May 2021:

  • Occupancy: 57.1%
  • Average daily rate (ADR): US$108.80
  • Revenue per available room (RevPAR): US$62.13

While the overall weekly data was stagnant, weekend occupancy rose modestly and came in above 70% for the fourth straight week. However, the Top 25 Markets showed a lower occupancy level in aggregate with more properties reopening on top of lower demand.

Among those Top 25 Markets, Tampa (72.4%) and Miami (70.8%) experienced the highest occupancy levels, while Boston (40.6%) and Minneapolis (41.4%) came in the lowest.

The aggregate occupancy for the Top 25 Markets (54.6%) was lower than all other markets on average, but ADR in the major markets (US$117.38) was higher.

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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