STR: U.S. hotel results for week ending 3 April
HENDERSONVILLE, Tennessee—U.S. hotel occupancy remained flat from the previous week, while the country’s ADR and RevPAR levels were its highest since the beginning of March 2020, according to STR‘s latest weekly data through 3 April 2021.
28 March through 3 April 2021:
- Occupancy: 57.9%
- Average daily rate (ADR): US$112.76
- Revenue per available room (RevPAR): US$65.33
The occupancy level was 1 point below the pandemic peak reached two weeks prior. The RevPAR value represented 73.1% of the comparable 2019 level, which is the closest the U.S. has come to RevPAR recovery territory in STR’s Market Recovery Monitor.
Among the Top 25 Markets, Tampa (84.0%) and Miami (75.9%) experienced the highest occupancy levels. The lowest Top 25 occupancy levels came in Minneapolis (39.2%) and Boston (42.0%).
Aggregate data for the Top 25 Markets showed slightly lower occupancy (57.3%) but higher ADR (US$121.03) than all other markets. Top 25 Markets showed the largest week-over-week increase in ADR and reached their highest level in the metric since the middle of March 2020.
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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