US hotel results mixed for week ending 3 July

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US hotel results mixed for week ending 3 July

US hotel occupancy dipped although average daily rate (ADR) was up from previous weeks and the comparable period in 2019, according to hospitality research specialists STR‘s latest data from 3 July.

27 June through 3 July 2021 (percentage change from comparable week in 2019):

·         Occupancy: 65.4% (-0.1%)

·         Average daily rate (ADR): USD$135.35 (+5.8%)

·         Revenue per available room (RevPAR): $88.51 (+5.7%)

While occupancy was down because of the holiday week, overall comparisons were more favourable because of low performance during the corresponding week from 2019. 

Among the Top 25 Markets, Phoenix, with a 14% increase to 60.2%, and Detroit, with a 13.1% increase to 64.4%, saw the only double-digit occupancy increases compared to 2019.

San Francisco experienced the steepest decline in occupancy when compared with 2019 with a 32% decrease to 50.9%. 

Miami reported the largest ADR increase over 2019 with a 35.1% increase to $219.60 while Phoenix saw the highest jump in RevPAR with a 43.1% increase to $66.11. 

The largest RevPAR drops were in New Orleans, with a 45.3% decrease to $66.48, and San Francisco, with a 39.6% decrease to $80.13.

Industry recovery will be a key focus of the 2021 Hotel Data Conference. Click here for registration STR’s 13th annual event in Nashville.

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