HENDERSONVILLE, Tennessee — 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:

  • Occupancy: 57.9%
  • Average daily rate (ADR): US$108.31
  • Revenue per available room (RevPAR): US$62.68

The 57.9% absolute occupancy was a 160.8% increase from the comparable, pandemic-affected week last year, but more importantly, represented more than 83% of occupancy regained from the 2019 benchmark. More than 21 million rooms were sold for the second week in a row, however, it was the first time in four weeks that the metric fell week over week, which is indicative of softening in the spring break demand that had boosted levels previously.

Source: STRSource: STR
Source: STR

Among the Top 25 Markets, Tampa (81.8%) and Phoenix (77.1%) experienced the highest occupancy levels. The lowest Top 25 occupancy levels came in Minneapolis (38.4%) and Boston (38.6%).

Aggregate data for the Top 25 Markets showed slightly lower occupancy (55.9%) but higher ADR (US$115.92) than all other markets. The major markets continue to show the most sizeable gaps in current occupancy vs. comparable weeks from 2019.

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STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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.

Haley Luther
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