U.S. weekly hotel occupancy fell 2.6 percentage points from the previous week, according to STR‘s latest data through 17 April 2021.
11-17 April 2021:
- Occupancy: 57.3%
- Average daily rate (ADR): US$107.16
- Revenue per available room (RevPAR): US$61.37
Following the end of spring break, weekly demand fell back below the 22 million mark, and occupancy dipped to its lowest level since mid-March. The ADR level was also US$5 less after two straight weeks above US$112.
After elevated performance throughout the spring-break period, Florida saw its largest week-to-week decline in occupancy (8 points) since early January. Most Florida markets that were trending above corresponding weeks from 2019 fell back when using that same comparison. Additional insights are available in STR’s Market Recovery Monitor.
Among the Top 25 Markets, Tampa (77.7%) and Miami (73.8%) experienced the highest occupancy levels. The lowest Top 25 occupancy levels came in Boston (40.0%) and San Francisco/San Mateo (41.1%).
Aggregate data for the Top 25 Markets showed slightly lower occupancy (55.4%) but higher ADR (US$115.74) than all other markets.
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.