STR: US Weekly Hotel Occupancy Decreases for First Time Since January
Oahu Island, Minneapolis Markets Report Lowest Occupancy for Week
March 4, 2021 | HNN Newswire | CoStar
U.S. weekly hotel occupancy dipped slightly from the previous week, according to STR‘s latest data through Feb. 27.
Feb. 21-27, 2021 (percentage change from comparable week in 2020):
• Occupancy: 47.5% (-25.8%)
• Average daily rate (ADR): US$96.72 (-25.2%)
• Revenue per available room (RevPAR): US$45.90 (-44.5%)
The week-over-week decrease was the country’s first since late January. Florida, California, and New York reported the largest drops in demand. Texas, on the other hand, led the nation in room nights sold as hotels continued to house residents displaced by winter storm damage. The state’s occupancy reached a pandemic high of 57.3%, up a full point from the week prior.
