U.S. weekly hotel occupancy reached its highest level since October 2019, according to STR‘s latest data through July 17.
July 11-17, 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.
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Additional Performance Data
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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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