For the Week Ending September 18th U.S. Hotel Occupancy Reached a 4 Week High

Graphic - Source - STR - U.S. Hotel Occuoancy
For the Week Ending September 18th U.S. Hotel Occupancy Reached a 4 Week High

U.S. hotel occupancy reached a 4-week high, according to STR‘s latest data through 18 September.  

12-18 September 2021 (percentage change from comparable week in 2019*):

  • Occupancy: 63.0% (-11.6%)
  • Average daily rate (ADR): US$131.04 (-2.6%)
  • Revenue per available room (RevPAR): US$82.50 (-13.9%)    

The gain in occupancy was helped by weekly group demand eclipsing 1 million for the first time since the earliest days of the pandemic. More group demand created a lowering effect on ADR, as group rooms for upper-tier classes are typically priced lower than transient rooms.

Among the Top 25 Markets, New Orleans recorded the largest 2021 vs. 2019 gains in both occupancy (+7.3% to 72.6%) and RevPAR (+18.2% to US$114.37).

Oahu Island experienced the steepest decline in occupancy when compared with 2019 (-43.9% to 49.6%).

Miami reported the largest ADR increase over 2019 (+22.5% to US$166.04).

The largest RevPAR deficits were in San Francisco/San Mateo (-65.5% to US$91.23) and Washington, D.C. (-53.1% to US$69.87).

*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.

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.