The Baird/STR Hotel Stock Index dipped 0.2% in March to a level of 5,131. Year to date through the first three months of 2021, the stock index was up 12.2%.
U.S. hotel occupancy remained flat from the previous week, while the country's ADR and RevPAR levels were its highest since the beginning of March 2020, according to STR's latest data through 3 April 2021.
The U.S. led the world in new hotel and room openings during Q1 2021, according to global pipeline data from STR's AM:PM platform. At the same time, the country's construction activity continues to decline in comparison with pre-pandemic levels.
Short-term rentals in Miami, Nashville and Philadelphia recorded increases in occupancy and revenue per available room (RevPAR) in February 2021, according to data from STR. Short-term rentals continued to post higher occupancy levels than hotels in each of the three markets.
U.S. weekly hotel occupancy fell one point from the previous week, according to STR's latest data through 27 March 2021. 21-27 March 2021:
The continued rollout of COVID-19 vaccinations and additional stimulus funds have strengthened the foundation for the recovery of the U.S. lodging industry. According to the February 2021 edition of Hotel Horizons®, CBRE Hotels Research is forecasting an average national occupancy level of 43.
The America's Cup lifted Auckland daily hotel performance to its highest levels of early 2021, according to preliminary data from STR.
U.S. weekly hotel occupancy jumped almost seven points from the previous week to the highest level in the country since early March 2020, according to STR's latest data through 20 March 2021. 14-20 M.
Canada's hotel industry reported slightly higher performance when compared with recent months, according to STR's February 2021 data.
STR's latest 51-chart demand map through 13 March 2021 shows that most states are moving closer to their levels from the same time last year. Unfortunately, those demand levels from comparable periods in 2020 were lowered substantially by the earliest pandemic lockdowns.