STR: U.S. Hotel Results For Week Ending 29 May
HENDERSONVILLE, Tennessee — Boosted by the Friday and Saturday of Memorial Day weekend, U.S. weekly hotel occupancy reached its highest level since late-February 2020, according to STR‘s latest data through 29 May.
- Occupancy: 61.8% (-4.2%)
- Average daily rate (ADR): US$122.06 (-1.6%)
- Revenue per available room (RevPAR): US$75.42 (-5.7%)
Percentage changes were skewed more to the positive because the 2019 comparable was the week after Memorial Day. Regardless, this past Saturday’s 83.0% occupancy level was the country’s highest since October 2019. Weekly ADR and RevPAR were boosted to pandemic-era highs as well. STR analysts note that while the positives around leisure demand are obvious headed into the summer, the path to recovery remains a rollercoaster with a lack of business travel, both domestic and international, preventing hotels in many markets from making up more of the ground lost in 2020.
Phoenix (+10.0% to 64.3%) was the only Top 25 Market to report a double-digit occupancy increase over 2019 . San Francisco/San Mateo saw the steepest decline in occupancy when compared with 2019(-41.1% to 47.3%).
In terms of ADR, Miami (+52.1% to US$250.19) posted the greatest increase over 2019, followed by Phoenix (+27.4% to US$125.71).
When looking at RevPAR, Miami (+58.4% to US$185.24) and Phoenix (+40.2% to US$80.83) saw the largest increases against 2019.
The largest RevPAR deficits were in San Francisco/San Mateo (-60.4% to US$67.07) and Boston (-55.4% to US$69.79).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
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.
Omni Nashville Hotel — Nashville, TN United States
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