US Hotel Occupancy Dips in Week Ended July 31 – STR
August 6, 2021 | S&P Global Market Intelligence
Occupancy at U.S. hotels in the week ended July 31 was 70.1%, down from 71.4% the previous week and a decrease of 6.2% from the comparable week 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 steep, pandemic-driven performance declines of 2020.”
Average daily rate rose 6.8% to $142.76 versus the corresponding week in 2019. It remained at its highest level on a nominal basis but not when adjusted for inflation at $135. Revenue per available room for the week was $100.07, up 0.1%.
Of the top 25 markets, Norfolk/Virginia Beach, Va., logged the biggest occupancy gain over the 2019 period at 82.5%, representing an increase of 2.2%.
San Francisco/San Mateo, Calif., reported the steepest occupancy drop at 60.0%, down 30.5% compared to the same week in 2019.
It also experienced the largest RevPAR drop at $101.44, down 47.8%, followed by Minneapolis at $66.71, representing a fall of 39.2%.
Miami increased its ADR and RevPAR levels at $215.34 and $156.01, respectively, reflecting increases of 43.3% and 38.3% from the same period in 2019.
