U.S. weekly hotel occupancy reached a 20-week high, according to STR‘s latest data through 6 March.
28 February through 6 March 2021 (percentage change from comparable week in 2020):
- Occupancy: 49.0% (-20.5%)
- Average daily rate (ADR): US$98.30 (-21.9%)
- Revenue per available room (RevPAR): US$48.13 (-37.9%)
While demand has improved in in many states, most markets remain deep in recessionary territory when indexed to 2019 levels. Year-over-year comparisons with 2020 are beginning to turn favorable as the country hits the one-year anniversary of its earliest pandemic restrictions. Additional insights on the week’s performance can be found via STR’s Market Recovery Monitor.