The U.S. hotel industry posted its highest demand and occupancy levels since the beginning of the pandemic, according to STR‘s latest weekly data through April 10.
April 4-10, 2021:
- Occupancy: 59.7%
- Average daily rate (ADR): US$112.22
- Revenue per available room (RevPAR): US$66.99
Reflecting the country’s almost 2-point improvement in occupancy from the previous week, more than 50% of properties posted a weekly occupancy above 60%. Additional insights are available in STR’s Market Recovery Monitor.
Among the Top 25 Markets, Tampa (83.7%) and Miami (74.1%) experienced the highest occupancy levels. The lowest Top 25 occupancy levels came in Minneapolis (40.0%) and Boston (40.7%).
Aggregate data for the Top 25 Markets showed slightly lower occupancy (57.5%) but higher ADR (US$119.86) than all other markets.
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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