US Hotel Occupancy Peaks Ahead of Columbus Day Weekend
October 18, 2021 | James Sprow | Blue Vault
U.S. hotel occupancy in the week ended Oct. 9 climbed to 63.9%, its highest level since the week ending Aug. 14, according to data from STR, which tracks the hospitality industry.
The increase was buoyed by the long Columbus Day weekend. However, the figure represents a decline of 9.6% when measured against the comparable week in 2019.
Average daily rate, or ADR, was also at its peak since the week ending Aug. 21, rising 2.4% to $134.63 from the same week in 2019. Revenue per available room, or RevPAR, ended the week at $86.02, down 7.4%.
STR said it is measuring recovery against comparable time periods from 2019 “due to the steep, pandemic-driven performance declines of 2020.”
None of the top 25 markets posted gains in occupancy versus the corresponding 2019 period.
Tampa, Fla., recorded the occupancy level closest to 2019 at 66.8%, a decline of 3.5%. It also registered the biggest RevPAR increase, up 12.2% to $91.67.
Oahu Island, Hawaii, logged the biggest drop in occupancy compared to the same week in 2019, falling 45.1% to 46.9%.
Miami booked a 22.2% ADR increase from the 2019 period at $186.78, while San Francisco/San Mateo, Calif., experienced the largest RevPAR decline, down 61.3% to $93.03.
Source: S&P Global Market Intelligence
