STR: U.S. Weekly Occupancy Hits Highest Level Since February 2020

HENDERSONVILLE, Tennessee—Boosted by the Friday and Saturday of Memorial Day weekend, U.S. weekly hotel occupancy reached its highest level since late-February 2020, according to STR’s latest data for the week of May 23-29, 2021.

U.S. HOTEL PERFORMANCE

May 23-29, 2021 vs. May 26-June 1, 2019

 

Occupancy: 61.8% (-4.2%)

ADR: $122.06 (-1.6%)

RevPAR: $75.42 (-5.7%)

Occupancy for the week came in at 61.8 percent (down 4.2 percent from the comparable week in 2019), average daily rate (ADR) was $122.06 (down 1.6 percent vs. 2019), and revenue per available room (RevPAR) was $75.42 (down 5.7 percent vs. 2019).

Percentage changes were skewed more to the positive because the 2019 comparable was the week after Memorial Day. Regardless, this past Saturday’s 83 percent occupancy level was the country’s highest since October 2019. Weekly ADR and RevPAR were boosted to pandemic-era highs as well. STR analysts noted that while the positives around leisure demand are obvious headed into the summer, the path to recovery remains a rollercoaster with a lack of business travel, both domestic and international, preventing hotels in many markets from making up more of the ground lost in 2020.

Phoenix, with an occupancy of 64.3 percent—10 percent above its 2019 benchmark—was the only Top 25 Market to report a double-digit occupancy increase over 2019. San Francisco/San Mateo saw the steepest decline in occupancy when compared with 2019 (down 41.1 percent to 47.3 percent).

In terms of ADR, Miami (up 52.1 percent to $250.19) posted the greatest increase over 2019, followed by Phoenix (up 27.4 percent to $125.71).

When looking at RevPAR, Miami (up 58.4 percent to $185.24) and Phoenix (up 40.2 percent to $80.83) saw the largest increases against 2019.

The largest RevPAR deficits were in San Francisco/San Mateo (down 60.4 percent to $67.07) and Boston (down 55.4 percent to $69.79).

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