STR: U.S. hotel results for week ending 15 May
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy reached its second-highest level since the start of the pandemic, according to STR‘s latest data through 15 May.
9-15 May 2021 (percentage change from comparable week in 2019*):
- Occupancy: 59.1% (-16.4%)
- Average daily rate (ADR): US$113.54 (-15.4%)
- Revenue per available room (RevPAR): US$67.05 (-29.2%)
Friday/Saturday occupancy came in higher than any weekend since Valentine’s Day weekend in 2020. Additionally, ADR reached its highest point of the pandemic but was still US$20 less than the corresponding week in 2019.
Many Top 25 Markets reflected improved business travel volume with noticeable week-over-week demand increases.
Tampa (+4.8% to 72.1%) was the only Top 25 Market to report an occupancy increase over 2019. San Francisco/San Mateo saw the steepest decline in occupancy when compared with 2019 (-49.1% to 43.9%).
In terms of ADR, Miami (+34.8% to US$233.81), Tampa (+10.3% to US$138.47) and Norfolk/Virginia Beach (+0.3% to US$106.46) were the only Top 25 Markets with levels higher than 2019.
For RevPAR, Miami (+32.5% to US$174.55) and Tampa (+15.6% to US$99.90) were the only markets with levels higher than the 2019 comparable.
The largest RevPAR deficits were in San Francisco/San Mateo (-73.7% to US$59.05) and Boston (-73.2% to US$57.31).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
Additional Performance Data
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STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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