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STR: U.S. hotel results for week ending 29 May
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DOWNLOAD: Word version | Occupancy chart
4 June 2021
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 through 29 May.
23-29 May 2021 (percentage change from comparable week in 2019*):
- Occupancy: 61.8% (-4.2%)
- Average daily rate (ADR): US$122.06 (-1.6%)
- Revenue per available room (RevPAR): US$75.42 (-5.7%)
Percentage changes were skewed more to the positive because the 2019 comparable was the week after Memorial Day. Regardless, this past Saturday’s 83.0% occupancy level was the country’s highest since October 2019. Weekly ADR and RevPAR were boosted to pandemic-era highs as well. STR analysts note 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.
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Phoenix (+10.0% to 64.3%) 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 (-41.1% to 47.3%).
In terms of ADR, Miami (+52.1% to US$250.19) posted the greatest increase over 2019, followed by Phoenix (+27.4% to US$125.71).
When looking at RevPAR, Miami (+58.4% to US$185.24) and Phoenix (+40.2% to US$80.83) saw the largest increases against 2019.
The largest RevPAR deficits were in San Francisco/San Mateo (-60.4% to US$67.07) and Boston (-55.4% to US$69.79).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
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Additional Performance Data
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About STR
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.
North America Media Contact:
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Haley Luther
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hluther@str.com
+1 (615) 824-8664 ext. 3500
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