Reflecting seasonality and greater concern around the Delta variant, U.S. hotel occupancy and average daily rate (ADR) dipped from the previous weeks, according to STRs latest data through 7 August.
For the Week Ending August 7th U.S. Hotel Occupancy and Average Daily Rate Dipped from the Previous Weeks
Reflecting seasonality and greater concern around the Delta variant, U.S. hotel occupancy and average daily rate (ADR) dipped from the previous weeks, according to STR‘s latest data through 7 August.
1-7 August 2021 (percentage change from comparable week in 2019*):
- Occupancy: 68.0% (-8.3%)
- Average daily rate (ADR): US$140.97 (+5.1%)
- Revenue per available room (RevPAR): US$95.89 (-3.6%)
Among the Top 25 Markets, Houston saw the highest occupancy increase over 2019 (+4.3% to 62.5%).
San Francisco/San Mateo experienced the steepest decline in occupancy when compared with 2019 (-38.6% to 55.9%).
Miami reported the largest ADR increase over 2019 (+31.6% to US$198.61), while Tampa registered the largest RevPAR increase when compared with 2019 (+21.6% to US$98.81).
The largest RevPAR drops were in San Francisco/San Mateo (-59.2% to US$93.96) and New York City (-41.2% to US$131.82).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
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.
Logos, product and company names mentioned are the property of their respective owners.
© 2021 Hotel News Resource