STR: U.S. hotel results for week ending 24 April
U.S. weekly hotel occupancy remained flat from the previous week, according to STR's latest data through 24 April.
HENDERSONVILLE, Tennessee - U.S. weekly hotel occupancy remained flat from the previous week, according to STR's latest data through 24 April.
18-24 April 2021:
- 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
STR's world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
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CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
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