STR: U.S. Hotel Results For Week Ending 5 June
HENDERSONVILLE, Tennessee — U.S. weekly hotel performance remained relatively flat from the previous week but still reached pandemic-era highs, according to STR‘s latest data through 5 June.
- Occupancy: 61.9% (-14.0%)
- Average daily rate (ADR): US$123.49 (-6.7%)
- Revenue per available room (RevPAR): US$76.44 (-19.7%)
Each of the three key performance metrics were the highest of the pandemic era.
Among the Top 25 Markets, Miami saw the largest increases over 2019 across each of the three key performance metrics: occupancy (+9.0% to 77.1%), ADR (+69.1% to US$257.24) and RevPAR (+84.2% to US$198.30).
Tampa (+1.6% to 74.2%) was the only other Top 25 Market to report an occupancy gain over 2019. Boston saw the steepest decline in occupancy when compared with 2019 (-45.2% to 47.7%).
Tampa reported the second-largest increases over 2019 in both ADR (+21.8% to US$148.13) and RevPAR (+23.7% to US$109.96).
The largest RevPAR deficits were in Boston (-69.0% to US$64.57) and San Francisco/San Mateo (-68.1% to US$70.28).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019. A note to editors:
All references to STR data and analysis should cite “STR” as the source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing.
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
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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