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STR: US Hotel Occupancy Reaches Highest Level in More Than 19 Months

Tampa, Miami Hotels Lead Other Top Markets Through June 19
Among the top 25 U.S. hotel markets as defined by STR — CoStar Group's hospitality analytics firm — Tampa, Florida, reported the only hotel occupancy increase in May over the same month in 2019. (CoStar)
Among the top 25 U.S. hotel markets as defined by STR — CoStar Group's hospitality analytics firm — Tampa, Florida, reported the only hotel occupancy increase in May over the same month in 2019. (CoStar)
By HNN Newswire
June 24, 2021 | 2:27 P.M.

U.S. weekly hotel occupancy hit its highest level in 85 weeks, according to STR‘s latest data through June 19.

June 13-19, 2021 (percentage change from comparable week in 2019*):

  • Occupancy: 68.0% (-9.9%)
  • Average daily rate (ADR): US$128.90 (-4.4%)
  • Revenue per available room (RevPAR): US$87.62 (-13.8%)

In addition to occupancy reaching its highest point since the week ending November 9, 2019, ADR and RevPAR were pandemic-era highs.

Among the Top 25 Markets, Tampa saw the only occupancy increase over 2019 (+1.2% to 77.5%).

San Francisco/San Mateo experienced the steepest decline in occupancy when compared with 2019 (-38.7% to 53.2%).

Miami reported the largest increases over 2019 in both ADR (+44.9% to US$221.42) and RevPAR (+40.2% to US$159.29).

The largest RevPAR drops were in Boston (-61.4% to US$74.55) and San Francisco/San Mateo (-60.9% to US$82.76).

*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.

Industry recovery will be a key focus of the 2021 Hotel Data Conference. Click here for registration, with both in-person and virtual options available for STR’s 13th annual event in Nashville.

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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