US Hotel Occupancy Dips in Week Ended August 14 – STR
August 20, 2021 | James Sprow | Blue Vault
Occupancy at U.S. hotels and average daily rate for the week ended August 14 slipped from prior weeks, but comparisons with the corresponding week in 2019 are still consistent, 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.”
Occupancy fell 8.4% to 65.7% when measured against the same week in 2019. ADR was $139.18, reflecting an increase of 5.9%, while revenue per available room was $91.45, down 3.0%.
Among the top 25 markets, Norfolk/Virginia Beach, Va., logged the highest occupancy gain over 2019, up 0.4%, to 80.0%. It also recorded the highest RevPAR at $131.07, an increase of 24.3%.
San Francisco/San Mateo, Calif., posted the biggest drop in occupancy when compared with 2019, down 36.8%, to 56.9%. The market also experienced the largest decline in RevPAR at $96.42, down 55.2%, followed by New York City at $122.06, down 39.9%.
Miami reported the biggest ADR growth over 2019 at $185.00, representing a gain of 24.1%.
Source: S&P Global Market Intelligence
