STR: U.S. hotel results for week ending 6 March
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy reached a 20-week high, according to STR‘s latest data through 6 March.
28 February through 6 March 2021 (percentage change from comparable week in 2020):
- Occupancy: 49.0% (-20.5%)
- Average daily rate (ADR): US$98.30 (-21.9%)
- Revenue per available room (RevPAR): US$48.13 (-37.9%)
While demand has improved in in many states, most markets remain deep in recessionary territory when indexed to 2019 levels. Year-over-year comparisons with 2020 are beginning to turn favorable as the country hits the one-year anniversary of its earliest pandemic restrictions. Additional insights on the week's performance can be found via STR's Market Recovery Monitor.
Aggregate data for the Top 25 Markets showed slightly lower occupancy (46.7%) but higher ADR (US$105.55) than all other markets.
Among the Top 25 Markets, Miami saw the highest occupancy level (66.6%).
Top 25 Markets with the lowest occupancy levels for the week included Oahu Island (30.9%) and Boston (31.7%).
Additional Performance Data
STR’s world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
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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