U.S. hotel results for week ending 23 January
U.S. weekly hotel occupancy remained flat from the previous week, according to STR's latest data through 23 January.
17-23 January 2021 (percentage change from comparable week in 2020):
- Occupancy: 40.0% (-30.6%)
- Average daily rate (ADR): US$90.13 (-28.1%)
- Revenue per available room (RevPAR): US$36.07 (-50.1%)
Aggregate data for the Top 25 Markets showed lower occupancy (38.8%) but higher ADR (US$97.60) than all other markets.
Thanks to a small lift from the presidential inauguration, Washington, D.C.-Maryland-Virginia (57.6%), reported the highest occupancy level among the Top 25 Markets.
Top 25 Markets with the lowest occupancy levels for the week included Oahu Island, Hawaii (21.7%), and San Francisco/San Mateo, California (27.8%).
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.