U.S. Hotel Occupancy Down in Week Ended July 3
July 9, 2021 | S&P Global Market Intelligence
Occupancy levels at U.S. hotels for the week ended July 3 were at 65.4%, a slight decline of 0.1% compared to the similar period in 2019, according to data from STR, which tracks the hospitality industry.
STR said it is measuring recovery against comparable time periods from 2019 due to the steep, pandemic-driven performance declines of 2020.
The average daily rate was $135.35, representing a 5.8% improvement from the comparable period in 2019, and revenue per available room came in at $88.51, up 5.7%.
Of the top 25 markets, Phoenix and Detroit experienced the largest increases in occupancy over the 2019 period at 60.2% and 64.4%, respectively, representing increases of 14.0% and 13.1% over 2019.
San Francisco/San Mateo, Calif., reported the steepest occupancy drop at 50.9%, down 32.0% compared to the same week in 2019.
Miami recorded the largest increase over 2019 across ADR at $219.60, representing an improvement of 35.1%. Phoenix experienced the largest increase in RevPAR at $66.11, which is up 43.1% over the same period in 2019.
The largest RevPAR deficits compared to the 2019 period were logged in New Orleans, at $66.48, reflecting a drop of 45.3%, and San Francisco/San Mateo, Calif., at $80.13, a fall of 39.6%.
