For the Week Ending May 22nd U.S. Weekly Hotel Occupancy Reached the 60% Mark for the First Time Since the Start of the Pandemic

For the Week Ending May 22nd U.S. Weekly Hotel Occupancy Reached the 60% Mark for the First Time Since the Start of the Pandemic



ADR also reached its highest point of the pandemic but was still US$18 less than the corresponding week in 2019. RevPAR also hit a high point when compared to 2019.

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

For the Week Ending May 22nd U.S. Weekly Hotel Occupancy Reached the 60% Mark for the First Time Since the Start of the Pandemic



STR;

U.S. weekly hotel occupancy reached the 60% mark for the first time since the start of the pandemic, according to STR‘s latest data through 22 May.

16-22 May 2021 (percentage change from comparable week in 2019*):

  • Occupancy: 60.3% (-15.1%)
  • Average daily rate (ADR): US$115.57 (-13.6%)
  • Revenue per available room (RevPAR): US$69.69 (-26.6%)

ADR also reached its highest point of the pandemic but was still US$18 less than the corresponding week in 2019. RevPAR also hit a high point when compared to 2019.

Miami (+2.8% to 76.0%) was the only Top 25 Market to report an occupancy increase over 2019. San Francisco/San Mateo saw the steepest decline in occupancy when compared with 2019 (-45.5% to 47.9%). 

In terms of ADR, Phoenix (+6.7% to US$122.97) and Tampa (+0.3% to US$140.09) were the only Top 25 Markets with levels higher than 2019. 

None of the Top 25 Markets had RevPAR levels higher than the 2019 comparable. 

The largest RevPAR deficits were in San Francisco/San Mateo (-70.0% to US$66.53) and Boston(-66.9% to US$64.22). 

*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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