U.S. hotel occupancy dipped a percentage point week over week, while room rates rose slightly, according to STR‘s latest data through October 23.
October 17-23, 2021 (percentage change from comparable week in 2019*):
- Occupancy: 63.9% (-9.1%)
- Average daily rate (ADR): $134.14 (-0.6%)
- Revenue per available room (RevPAR): $85.74 (-9.6%)
While none of the Top 25 Markets recorded an occupancy increase over 2019, Tampa came closest to its 2019 comparable (-3.1% to 68.5%). The market also reported the largest increases in ADR (+16.1% to $138.33) and RevPAR (+12.6% to $94.71) when compared with 2019.
Two markets matched for the steepest occupancy decline from 2019: Oahu Island (-39.7% to 49.6%) and San Francisco/San Mateo (-39.7% to 53.0%).
The largest RevPAR deficits were in San Francisco/San Mateo (-58.9% to $92.26) and Washington, D.C. (-49.9% to $81.21).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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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