Facebook Instagram LinkedIn
    • About Us
      • About MEET® Magazines
    List My Business        Advertise
    MEET® Family of Publications
    • Home
    • Subscribe
    • Magazines
      • MEET® Missouri
      • MEET® Kansas
      • MEET® Med
    • Articles By Topic
    • Digital Flipbooks
    • MeetUp!
    • Upcoming Events
    ➤ Find Suppliers
    MEET® Family of Publications
    Home»Topics»General»U.S Hotel results for week ending in May 8
    General

    U.S Hotel results for week ending in May 8

    The MEET® Family of PublicationsBy The MEET® Family of PublicationsMay 13, 2021No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    STR
    Share
    Facebook Twitter LinkedIn Pinterest Email

    HENDERSONVILLE, Tennessee—Due to more supply in the marketplace, U.S. hotel occupancy fell slightly from the previous week, according to STR‘s latest data through 8 May.

    2-8 May 2021:

    • Occupancy: 56.7%
    • Average daily rate (ADR): US$110.19
    • Revenue per available room (RevPAR): US$62.50

    Demand was up week over week, but an increase in supply from both reopenings and new properties pulled national occupancy down. Major markets, such as New York City and San Francisco, are showing the most movement with properties coming back online.

    Among the Top 25 Markets, Miami (72.0%) and Tampa (69.8%) experienced the highest occupancy levels, while San Francisco/San Mateo (40.9%) and Boston (42.3%) came in the lowest.

     

    The aggregate occupancy for the Top 25 Markets (54.3%) was lower than all other markets on average, but ADR in the major markets (US$119.14) was higher.

    Additional Performance Data
    STR’s world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.

    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

    Haley Luther

    Communications Manager

    hluther@str.com

    +1 (615) 824-8664 ext. 3500

     General Media Inbox:

    media@str.com

     

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleCity of Collinsville to celebrate beginning of Summer
    Next Article Meet in Manhattan for your next event!
    The MEET® Family of Publications
    • Website

    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).

    Related Posts

    Cvent to be Acquired by Blackstone for $4.6B

    March 17, 2023

    Cape Girardeau’s Inaugural Riverfront Festival is Taking Place This Saturday

    October 18, 2022

    What are your summer meeting and event plans?

    July 1, 2022

    Comments are closed.

    For 20+ years, The MEETⓇ Family of Publications has produced regional and national magazines that has kept corporate, association, medical, education, independent, and religious meeting and event planners informed about relevant vendors, industry news, tech innovations, and resources that impact and influence how and where they plan their group business.

    Latest Industry Insights
    • U.S. Hotel Results for Week Ending 18 March
    • Historically Awesome Meetings in Springfield, IL
    • Cvent to be Acquired by Blackstone for $4.6B
    • KUDO Unveils World’s First Fully Integrated Artificial Intelligence Speech Translator
    • U.S. Hotel Results for Week Ending March 4
    Quick Links
    • Home
    • Subscribe
    • Upcoming Events
    Our Magazines
    • MEET® Missouri
    • MEET® Kansas
    • MEET® Med
    More Resources
    • Articles By Topic
    • Digital Flipbooks
    • Online Resource Directory
    © 2023 MEET® Family of Publications. All rights reserved. Website managed and developed by PC40

    Type above and press Enter to search. Press Esc to cancel.