U.S. weekly hotel occupancy fell one point from the previous week but registered a 160.8% increase from the comparable, pandemic-affected week last year, according to STR’s latest data through March 27. More importantly, STR said, the week represented more than 83% of occupancy regained from the 2019 benchmark.
For the week March 21-27, 2021:
Occupancy: 57.9%
Average daily rate (ADR): US$108.31
Revenue per available room (RevPAR): US$62.68
More than 21 million rooms were sold for the second week in a row, however, it was the first time in four weeks that the metric fell week over week, which is indicative of softening in the spring break demand that had boosted levels previously.
Among the Top 25 Markets, Tampa (81.8%) and Phoenix (77.1%) experienced the highest occupancy levels. The lowest Top 25 occupancy levels came in Minneapolis (38.4%) and Boston (38.6%).
Aggregate data for the Top 25 Markets showed slightly lower occupancy (55.9%) but higher ADR (US$115.92) than all other markets. The major markets continue to show the most sizeable gaps in current occupancy versus comparable weeks from 2019.