US Hotel Occupancy in Week Ended May 22 Hits 60% Mark – STR
May 28, 2021 | S&P Global Market Intelligence
U.S. hotel occupancy for the week ended May 22 hit 60.3%, the highest since the beginning of the coronavirus pandemic, according to data from STR, which tracks the hospitality industry.
However, when measured against the comparable week in 2019, occupancy was down 15.1%.
STR said it is measuring recovery against comparable time periods from 2019 “due to the steep, pandemic-driven performance declines of 2020.”
The average daily rate reached its highest point of the pandemic at $115.57, but it is still $18 less versus the corresponding week in 2019, representing a drop of 13.6%.
Revenue per available room for the week was $69.69, representing a decline of 26.6% when viewed against the comparable period in 2019.
Of the top 25 markets, Miami was the only one to record an occupancy increase over the 2019 period, up 2.8% to 76.0%. San Francisco/San Mateo, Calif., experienced the steepest drop compared to the same week in 2019, falling 45.5% to 47.9%.
Phoenix and Tampa, Fla., both had a rise in ADR levels from the 2019 period of 6.7% to $122.97 and 0.3% to $140.09, respectively.
In terms of RevPAR, San Francisco/San Mateo booked the biggest decline, down 70.0% from the corresponding week in 2019 to $66.53. It was followed by Boston, which plummeted 66.9% to $64.22.
