US Hotel RevPAR for Week Ended January 9 Drops 47.7% YOY – STR
January 15, 2021 | S&P Global Market Intelligence
The effects of the coronavirus pandemic continued to weigh on U.S. hotel performance for the week ended January 9, with revenue per available room sliding 47.7% year over year to $32.59, according to STR, which tracks the hospitality industry.
Occupancy for the week fell 28.3% Y-O-Y to 37.0%, while average daily rate declined 27.1% to finish the week at $87.97.
Miami/Hialeah, Fla., booked the highest occupancy level of the top 25 markets at 51.4%, buoyed by the College Football Playoff National Championship.
Notably, occupancy in Washington, D.C.-Md.-Va., for Jan. 5 and Jan. 6 went above 50% amid the unrest in the capital, STR said.
Oahu Island, Hawaii, and Minneapolis/St. Paul, Minn.-Wis., were among the markets with the lowest occupancy rates for the week at 22.1% and 24.2%, respectively.
Source: S&P Global Market Intelligence
