STR: U.S. hotel results for week ending 26 June
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy hit its highest level since late October 2019, according to STR‘s latest data through 26 June.
20-26 June 2021 (percentage change from comparable week in 2019*):
- Occupancy: 69.9% (-7.3%)
- Average daily rate (ADR): US$133.36 (-0.5%)
- Revenue per available room (RevPAR): US$93.19 (-7.8%)
In addition to occupancy reaching its highest point since the week ending 26 October 2019, ADR and RevPAR were the highest of the pandemic-era. Weekend occupancy surpassed the 2019 comparable for the second time in three weeks, while ADR was 13% higher than the corresponding weekend from June 2019.
Among the Top 25 Markets, Tampa saw the only occupancy increase over 2019 (+3.5% to 78.5%).
San Francisco/San Mateo experienced the steepest decline in occupancy when compared with 2019 (-39.3% to 53.4%).
Miami reported the largest increases over 2019 in both ADR (+48.5% to US$222.95) and RevPAR (+44.7% to US$163.37).
The largest RevPAR drops were in San Francisco/San Mateo (-59.3% to US$84.14) and Boston (-53.9% to US$90.07).
*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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