STR: U.S. hotel results for week ending 4 September
HENDERSONVILLE, Tennessee — Lifted by Labor Day weekend, Hurricane Ida evacuations and the return of college football, U.S. hotel performance increased slightly from the previous week, according to STR‘s latest data through 4 September.
29 August through 4 September 2021 (percentage change from comparable week in 2019*):
- Occupancy: 61.3% (+0.7%)
- Average daily rate (ADR): US$132.94 (+9.4%)
- Revenue per available room (RevPAR): US$81.54 (+10.1%)
Comparisons with 2019 were higher due to a lower performing week that year.
In terms of Hurricane Ida-related demand, the largest jumps were seen in markets in Mississippi, Alabama, and Northern Louisiana. STR will release a full Hurricane Ida analysis later today.
Among the Top 25 Markets, Houston recorded the highest occupancy (+50.5% to 76.6%) and RevPAR (+77.1% to US$77.82) increases over 2019.
Oahu Island experienced the steepest decline in occupancy when compared with 2019 (-36.0% to 53.4%).
Miami reported the largest ADR increase over 2019 (+42.4% to US$179.36).
The largest RevPAR deficits were in San Francisco/San Mateo (-51.9% to US$86.93) and Oahu Island (-38.3% to US$117.88).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
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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