US hotel occupancy
STR Weekly Insights: 8-14 January 2023
STR | January 23, 2023
In the first business week of 2023, U.S. hotel occupancy rose to 54.8%, up 6.3 percentage points (ppts) year over year (YoY) and favorable to the comparable week in 2019. Over the first 14 days of 2023, occupancy (51%) was higher than the same 14 days in 2019 (50.3%). Weekday (Monday-Wednesday) occupancy was slightly better (55%) than the weekly total with the Top 25 Markets seeing 60.4% weekday occupancy. Several large markets reported strong weekday occupancy, led by San Francisco (80.9%), which posted its fifth highest level since the start of the pandemic thanks to the J.P. Morgan Healthcare Conference. A handful of Top 25 Marke...
Amadeus Data Alert: US Hotel Occupancy for Thanksgiving Mirrors 2019 Volumes
Amadeus | November 16, 2022
The 2022 US holiday season kicks off with travel in high demand to warm climates Amadeus, a global leader in travel technology, with its unique ability to track forward-looking occupancy in major markets around the world, is seeing a positive trend in U.S. hotel bookings for the Thanksgiving holiday. Amadeus’ Demand360® business intelligence data shows that as of November 3, 2022, U.S. occupancy for Thanksgiving week is 29%, pacing 1% higher than 2019 (pre-pandemic) levels. Palm trees will be a common sight at the top destinations, as Hawaii, Florida, and California hold several spots on the top 10 list, with new entrants like Manha...
STR: U.S. Hotel Results for Week Ending 30 April
STR | May 5, 2022
HENDERSONVILLE, Tennessee—U.S. hotel occupancy improved from the previous week, while average daily rate (ADR) decreased slightly, according to STR‘s latest data through 30 April. 24-30 April 2022 (percentage change from comparable week in 2019*): Occupancy: 66.6% (-3.4%) Average daily rate (ADR): US$146.67 (+10.2%) Revenue per available room (RevPAR): US$97.72 (+6.4%) Among the Top 25 Markets, Phoenix saw the highest occupancy increase over 2019 (+5.5% to 75.9%). Minneapolis experienced the largest occupancy decrease from 2019 (-23.8% to 55.1%). The steepest RevPAR deficits were in Boston (-30.0% to US$12...
STR: U.S. Hotel Results for Week Ending 23 October
STR | October 28, 2021
HENDERSONVILLE, Tennessee—U.S. hotel occupancy dipped a percentage point week over week, while room rates rose slightly, according to STR‘s latest data through 23 October. 17-23 October 2021 (percentage change from comparable week in 2019*): Occupancy: 63.9% (-9.1%) Average daily rate (ADR): US$134.14 (-0.6%) Revenue per available room (RevPAR): US$85.74 (-9.6%) While none of the Top 25 Markets recorded an occupancy increase over 2019, Tampa came closest to its 2019 comparable (-3.1% to 68.5%). The market also reported the largest increases in ADR (+16.1% to US$138.33) and RevPAR (+12.6% to US$94.71) when compared...
Vaccinations and Economic Stimulus Spur Stronger Second Half Performance for U.S. Hotels
CBRE Group, Inc. | March 30, 2021
Dallas – March 30, 2021 – The continued rollout of COVID-19 vaccinations and additional stimulus funds have strengthened the foundation for the recovery of the U.S. lodging industry. According to the February 2021 edition of Hotel Horizons®, CBRE Hotels Research is forecasting an average national occupancy level of 43.0% during the first half of 2021, accelerating to 55.1% in the second half of the year. “Our current forecast takes into account a national rollout of the COVID vaccines, plus the December COVID Relief Bill, both of which support the projections of improved performance during the second half of the year,” said Rach...
STR: U.S. Hotel Results for Week Ending 26 December
STR | December 31, 2020
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy fell to its lowest level since early May, according to STR‘s latest data for the week of Christmas. 20-26 December 2020 (percentage change from comparable week in 2019): Occupancy: 32.5% (-33.0%) Average daily rate (ADR): US$92.08 (-28.8%) Revenue per available room (RevPAR): US$29.94 (-52.3%) Aggregate data for the Top 25 Markets showed identical occupancy (32.5%) but higher ADR (US$94.36) than all other markets. Among the Top 25 Markets, Miami/Hialeah, Florida (47.5%) saw the highest occupancy level. Top 25 Markets with the lowest occupancy levels for th...
STR: U.S. Hotel Results for Week Ending 5 December
STR | December 10, 2020
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy increased slightly from the previous week, according to the latest data from STR through 5 December. 29 November through 5 December 2020 (percentage change from comparable week in 2019): Occupancy: 37.4% (-37.9%) Average daily rate (ADR): US$86.21 (-33.1%) Revenue per available room (RevPAR): US$32.23 (-58.4%) With slightly higher demand after Thanksgiving, occupancy improved after several weeks of lowering levels. With a tougher year-over-year comparable, however, the country’s RevPAR decline was its worst since late June. Aggregate data for the Top 25 Market...
STR: U.S. Hotel Results for Week Ending 4 July
STR | July 9, 2020
HENDERSONVILLE, Tennessee—U.S. hotel performance data for the week ending 4 July showed a slight decline in occupancy from the previous week, according to STR. 28 June through 4 July 2020 (percentage change from comparable week in 2019): Occupancy: 45.6% (-30.2%) Average daily rate (ADR): US$101.36 (-20.9%) Revenue per available room (RevPAR): US$46.21 (-44.8%) Occupancy had risen in week-to-week comparisons for 11 straight weeks since mid-April. “Demand came in 67,000 rooms lower than the previous week, and beyond that, July 1 was a reopening day for a lot of hotels, further impacting the occupancy equation,” said J...
