STR: U.S. hotel results for week ending 24 April
HENDERSONVILLE, Tennessee - U.S. weekly hotel occupancy remained flat from the previous week, according to STR's latest data through 24 April.
- Occupancy: 57.3%
- Average daily rate (ADR): US$108.10
- Revenue per available room (RevPAR): US$61.93
Overall industry occupancy will likely remain plateaued until the summer leisure travel boom, but there has been noticeable uptick in weekday occupancy, which is indicative of increased business travel. ADR was up slightly from the previous week, and the Luxury, Midscale and Economy classes have each recovered more than 90% of their 2019 ADR levels.
Among the Top 25 Markets, Tampa (73.7%) and Miami (72.0%) experienced the highest occupancy levels. The lowest Top 25 occupancy levels came in San Francisco/San Mateo (41.0%) and Washington, D.C. (42.8%).
Aggregate data for the Top 25 Markets showed slightly lower occupancy (55.1%) but higher ADR (US$117.00) than all other markets.
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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