Overall, Mexicos March occupancy came in at 37.0%, up from 28.3% in February and 26.4% in January. Popular spring break spots for U.S. students, Cancun (49.0%) saw the highest level in the metric, followed by Acapulco (46.8%).
Canadas hotel industry reported slightly higher performance when compared with recent months, according to STRs March 2021 data.
As expected, due to the end of the spring break leisure season, U.S. industry recovery came to a pause during the week ending 17 April as demand fell 4% week over week. The good news, room demand remained above 21 million for a fifth consecutive week. Occupancy for the week was 57.3% using STRs standard methodology and 54.4% on a total-room-inventory (TRI) basisthe latter accounts for temporarily closed hotels.
Following the end of spring break, weekly demand fell back below the 22 million mark, and occupancy dipped to its lowest level since mid-March. The ADR level was also US$5 less after two straight weeks above US$112.
America's real monthly˗GDP edged up at an annualized rate of 0.5 percent in March,
One of the largest global celebrations each year is, undoubtably, Chinese New Year. Although the celebration this year (11-17 February 2021) felt different for the country, there was a noticeable impact around hotel performance.
Occupancy and RevPAR were the highest for any month since February 2020, while ADR was the highest since March 202
Driven by domestic business travel and quarantine guests, Mumbai recaptured 65% of demand in February 2021 when compared with pre-pandemic levels. More importantly, group demand, which continues to lag in most markets worldwide, surpassed 70% of pre-pandemic levels during the month. Preliminary data for March showed a slowing in Mumbais demand amid rising COVID-19 case counts and subsequent tightened restrictions.
Reflecting the countrys almost 2-point improvement in occupancy from the previous week, more than 50% of properties posted a weekly occupancy above 60%. Additional insights are available in STRs Market Recovery Monitor.
The week of 4-10 April was all about demand. The number of U.S. room nights sold surged to 22 million, which was the most since the start of the pandemic. As a result, occupancy reached 59.7%, also the highest level of the past year.