Finance & DevelopmentDevelopmentSTR: U.S. Hotel Occupancy Rises While Room Rates Dip

STR: U.S. Hotel Occupancy Rises While Room Rates Dip

HENDERSONVILLE, Tennessee—U.S. hotel occupancy reached its highest level since mid-August, while room rates dipped from the previous week, according to STR’s latest data through October 16, 2021.

U.S. Hotel Performance

October 10-16, 2021

Percentage change from 2019 comparable week:
Occupancy: 65.0 percent (down 10.0 percent)
ADR: $134.03 (down 1.4 percent)
RevPAR: $87.15 (down 11.3 percent)

Week-over-week demand growth came almost exclusively from the Sunday ahead of Columbus Day. Overall for the three-day holiday weekend (October 8-10, 2021), occupancy reached 72 percent as compared with 75 percent in 2019.

While none of the Top 25 Markets recorded an occupancy increase over 2019, Tampa came closest to its 2019 comparable (down 3.0 percent to 66.8 percent). Driven by ADR, the market reported the largest RevPAR gain when compared with 2019 (up 8.9 percent to $88.87).

San Francisco/San Mateo experienced the steepest occupancy decline from 2019 (down 41.2 percent to 52.0 percent).

Miami reported the largest ADR increase when compared with 2019 (up 13.8 percent to $184.58).

The largest RevPAR deficits were in San Francisco/San Mateo (down 62.1 percent to $90.19) and New York City (down 45.5 percent to $163.58).

RELATED ARTICLES

New Pyramid Global Hospitality COO Continues Focus on Big Data to Benefit Owners

Pyramid Global Hospitality Chief Operating Officer Eric Habermann retired in April following seven years with the company and a nearly 40-year career in hospitality....

Grand Hyatt Kauai Resort & Spa Launches Scholarship Program

Grand Hyatt Kauai Resort & Spa, a 605-room resort, announced the launch of a scholarship program to support the continued education of its colleagues...

Hilton Surpasses 500 Hotels in Florida

MCLEAN, Virginia, and MIAMI, Florida—Hilton announced a major milestone as the company surpassed 500 open hotels across Florida. This growth was fueled in part...

Hunter Hotel Advisors Brokers Sale of Residence Inn Detroit Novi

ATLANTA, Georgia—Hunter Hotel Advisors (Hunter) announced the successful sale of the 107-key Residence Inn Detroit Novi. Spark GHC purchased the property from an institutional...

PMZ Realty Capital Arranges Loan for Hampton Inn Marysville

PMZ Realty Capital LLC announced that it has secured a $5.3 million loan for the Hampton Inn Marysville, located in Marysville, Ohio. The loan...

LivAway Suites Breaks Ground on New Property in Tucson, Arizona

SALT LAKE CITY, Utah—LivAway Suites announced the groundbreaking of its newest property in Tucson, Arizona, which marks its fourth in the state over the...