STR: U.S. hotel RevPAR recovered 83% in 2021
With improved performance as 2021 progressed, the U.S. hotel industry reported total-year revenue per available room (RevPAR) that was 83.2% of the pre-pandemic comparable, according to the latest data from STR.
HENDERSONVILLE, Tennessee - With improved performance as 2021 progressed, the U.S. hotel industry reported total-year revenue per available room (RevPAR) that was 83.2% of the pre-pandemic comparable, according to the latest data from STR.
2021 (percentage change from 2019):
- Occupancy: 57.6% (-12.6%)
- Average daily rate (ADR): US$124.67 (-4.8%)
- Revenue per available room (RevPAR): US$71.87 (-16.8%)
In addition to 2020, U.S. hotel occupancy failed to reach 60% for just the second time since 2011. On a nominal basis, 2021 ADR was the fourth highest on record. The country’s RevPAR level was its second lowest in eight years behind only 2020.
Among the Top 25 Markets, Tampa reported the highest occupancy level (68.4%), which was still down 5.2% from the market’s 2019 benchmark.
None of the Top 25 Markets experienced an occupancy increase over 2019.
Markets with the lowest occupancy for the year included Minneapolis (44.4%) and San Francisco/San Mateo (47.7%).
Miami posted the largest ADR increase over 2019 (+14.7% to US$223.49), while Norfolk/Virginia Beach registered the highest growth in RevPAR (+7.7% to US$72.31).
The steepest RevPAR deficits were in San Francisco/San Mateo (-64.2% to US$72.97) and Washington, D.C. (-48.9% to US$57.86).
In aggregate, the Top 25 Markets showed lower occupancy but higher ADR than all other markets.
About CoStar Group, Inc.
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.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
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