US Hotel Occupancy in Week Ended Oct. 16 Hits Peak Since Mid-August – STR

October 22, 2021

US Hotel Occupancy in Week Ended Oct. 16 Hits Peak Since Mid-August – STR

October 21, 2021 | Maera Tezuka

Hotel occupancy in the U.S. during the week ended Oct. 16 rose to 65.0%, its highest level since mid-August, but the figure reflects a 10.0% drop when measured against the comparable week in 2019, according to data from STR, which tracks the hospitality sector.

Average daily rate during the week fell 1.4% to $134.03 compared to the same period in 2019, while revenue per available room came to $87.15, down 11.3%.

STR said it is measuring recovery against comparable time periods from 2019 due to the steep, pandemic-driven performance declines of 2020.

Among the top 25 markets, Tampa, Fla., recorded occupancy gain closest to its corresponding week in 2019 at 66.8%, down 3.0%. It also logged the largest RevPAR increase, up 8.9% to $88.87.

San Francisco/San Mateo, Calif., booked the steepest occupancy drop at 52.0%, down 41.2% from the same week in 2019. The market also experienced the highest RevPAR decline, down 62.1% to $90.19, followed by New York City, falling 45.5% to $163.58.

Miami logged the biggest ADR growth versus the comparable week in 2019, rising 13.8% to $184.58.

Source: S&P Global Market Intelligence

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