U.S. weekly hotel occupancy reached its highest level since October 2019, according to STR‘s latest data through 17 July.
11-17 July 2021 (percentage change from comparable week in 2019*):
- Occupancy: 71.0% (-8.7%)
- Average daily rate (ADR): US$139.19 (+1.8%)
- Revenue per available room (RevPAR): US$98.87 (-7.1%)
Despite a four-point, week-over-week improvement in occupancy, ADR dipped slightly from the all-time high achieved the previous week.
Among the Top 25 Markets, New Orleans saw the highest occupancy increase over 2019 (+5.8% to 59.5%).
San Francisco/San Mateo experienced the steepest decline in occupancy when compared with 2019 (-36.6% to 56.3%).
Miami reported the largest ADR increase over 2019 (+32.4% to US$208.13), while Tampa registered the highest RevPAR increase (+29.2% to US$119.54).
The largest RevPAR drops were in San Francisco/San Mateo (-55.6% to US$94.29) and Boston (-47.9% to US$102.05).
*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.