HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy reached its second-highest level since the start of the pandemic, according to STR‘s latest data through 15 May.
9-15 May 2021 (percentage change from comparable week in 2019*):
- Occupancy: 59.1% (-16.4%)
- Average daily rate (ADR): US$113.54 (-15.4%)
- Revenue per available room (RevPAR): US$67.05 (-29.2%)
Friday/Saturday occupancy came in higher than any weekend since Valentine’s Day weekend in 2020. Additionally, ADR reached its highest point of the pandemic but was still US$20 less than the corresponding week in 2019.
Many Top 25 Markets reflected improved business travel volume with noticeable week-over-week demand increases.
Tampa (+4.8% to 72.1%) 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 (-49.1% to 43.9%).
In terms of ADR, Miami (+34.8% to US$233.81), Tampa (+10.3% to US$138.47) and Norfolk/Virginia Beach (+0.3% to US$106.46) were the only Top 25 Markets with levels higher than 2019.
For RevPAR, Miami (+32.5% to US$174.55) and Tampa (+15.6% to US$99.90) were the only markets with levels higher than the 2019 comparable.
The largest RevPAR deficits were in San Francisco/San Mateo (-73.7% to US$59.05) and Boston (-73.2% to US$57.31).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
Additional Performance Data
STR’s world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
About STR
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.
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