STR: U.S. Hotel Results For Week Ending 31 July
HENDERSONVILLE, Tennessee — U.S. weekly hotel occupancy dipped from the previous week, while room rates were up slightly, according to STR‘s latest data through 31 July.
- Occupancy: 70.1% (-6.2%)
- Average daily rate (ADR): US$142.76 (+6.8%)
- Revenue per available room (RevPAR): US$100.07 (+0.1%)
ADR remained at an all-time high on a nominal basis but not when adjusted for inflation (US$135).
Among the Top 25 Markets, Norfolk/Virginia Beach saw the highest occupancy increase over 2019 (+2.2% to 82.5%).
San Francisco/San Mateo
experienced the steepest decline in occupancy when compared with 2019 (-30.5% to 60.0%).
reported the largest ADR (+43.3% to US$215.34) and RevPAR (+38.3% to US$156.01) increases over 2019.
The largest RevPAR drops were in San Francisco/San Mateo (-47.8% to US$101.44) and Minneapolis (-39.2% to US$66.71).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
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Additional Performance Data
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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.