STR: U.S. hotel results for week ending 19 June
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy hit its highest level in 85 weeks, according to STR‘s latest data through 19 June.
13-19 June 2021 (percentage change from comparable week in 2019*):
- Occupancy: 68.0% (-9.9%)
- Average daily rate (ADR): US$128.90 (-4.4%)
- Revenue per available room (RevPAR): US$87.62 (-13.8%)
In addition to occupancy reaching its highest point since the week ending 9 November 2019, ADR and RevPAR were pandemic-era highs.
Among the Top 25 Markets, Tampa saw the only occupancy increase over 2019 (+1.2% to 77.5%).
San Francisco/San Mateo experienced the steepest decline in occupancy when compared with 2019 (-38.7% to 53.2%).
Miami reported the largest increases over 2019 in both ADR (+44.9% to US$221.42) and RevPAR (+40.2% to US$159.29).
The largest RevPAR drops were in Boston (-61.4% to US$74.55) and San Francisco/San Mateo (-60.9% to US$82.76).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
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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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