Hotel Performance Reaches Pandemic-era Highs

U.S. weekly hotel performance remained relatively flat from the previous week but still reached pandemic-era highs, according to STR‘s latest data through 5 June.

30 May through 5 June 2021 (percentage change from comparable week in 2019*):

  • Occupancy: 61.9% (-14.0%)
  • Average daily rate (ADR): US$123.49 (-6.7%)
  • Revenue per available room (RevPAR): US$76.44 (-19.7%)

Each of the three key performance metrics were the highest of the pandemic era.
Among the Top 25 Markets, Miami saw the largest increases over 2019 across each of the three key performance metrics: occupancy (+9.0% to 77.1%), ADR (+69.1% to US$257.24) and RevPAR (+84.2% to US$198.30).

Tampa (+1.6% to 74.2%) was the only other Top 25 Market to report an occupancy gain over 2019. Boston saw the steepest decline in occupancy when compared with 2019 (-45.2% to 47.7%).

Tampa reported the second-largest increases over 2019 in both ADR (+21.8% to US$148.13) and RevPAR (+23.7% to US$109.96).

The largest RevPAR deficits were in Boston (-69.0% to US$64.57) and San Francisco/San Mateo (-68.1% to US$70.28).

*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.

MEET

 

About the author

The MEET® Family of Publications

The MEET® Family of Publications produces regional and national publications that keep corporate, association, medical, education, independent, and religious meeting and event planners informed about relevant industry suppliers, news, tech innovations, and resources that impact and influence how and where they plan their upcoming company function(s).