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
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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.
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