spot_img
Finance & DevelopmentFinanceSTR: U.S. Hotel Occupancy Fell Slightly

STR: U.S. Hotel Occupancy Fell Slightly

HENDERSONVILLE, Tennessee — STR’s latest data through May 8, 2021, shows U.S. hotel occupancy fell slightly from the previous week due to a supply increase in multiple markets around the country.

U.S. Hotel Performance

May 2-8, 2021:
Occupancy: 56.7 percent
ADR: $110.19
RevPAR: $62.50

Demand was up week-over-week, but an increase in supply from both reopenings and new properties pulled national occupancy down. Major markets, such as New York City and San Francisco, are showing the most movement with properties coming back online.

Among the Top 25 Markets, Miami (72.0 percent) and Tampa (69.8 percent) experienced the highest occupancy levels, while San Francisco/San Mateo (40.9 percent) and Boston (42.3 percent) had the lowest occupancy levels.

The aggregate occupancy for the Top 25 Markets (54.3 percent) was lower than all other markets on average, but ADR in the major markets ($119.14) was higher.

More AAHOACON 2021 Coverage