US Hotel Occupancy in Week Ended February 5 Hits 50% Mark
February 10, 2022 | Maera Tezuka | Market Intelligence
U.S. hotel occupancy in the week ended Feb. 5 reached the 50% threshold for the first time in over a month at 50.4%. In the previous week, occupancy was 49.7%.
But the figure reflects a 15.8% decline from the comparable 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 pandemic impact.
The average daily rate fell 1.2% to $125.06 against the same week in 2019, while revenue per available room ended the week at $63.05, down 16.8%.
None of the top 25 markets reported an occupancy increase over 2019, but Norfolk/Virginia Beach, Va., came closest at 47.3% occupancy, down by 0.6% from 2019.
San Francisco/San Mateo, Calif., saw the biggest occupancy decline, falling 52.1% to 38.4%.
Miami experienced the highest ADR gain at 16.6% to $285.03, while San Francisco/San Mateo experienced the steepest RevPAR deficit, dropping 71.3% to $58.98, followed by Washington, D.C. with a decrease of 48.3% to $43.58.
Source: S&P Global Market Intelligence
