• For the Week Ending August 21st U.S. Hotel Performance Continued to Decline from Previous Weeks   

STR;

Reflecting seasonal demand patterns and concerns around the pandemic, U.S. hotel performance continued to decline from previous weeks, according to STR‘s latest data through 21 August.

15-21 August 2021 (percentage change from comparable week in 2019*):

  • Occupancy: 63.7% (-9.1%)
  • Average daily rate (ADR): US$135.77 (+5.1%)
  • Revenue per available room (RevPAR): US$86.43 (-4.5%)

While none of the Top 25 Markets recorded an occupancy increase over 2019, Detroit came closest to its 2019 comparable (-0.7% to 69.3%).

San Francisco/San Mateo experienced the steepest decline in occupancy when compared with 2019 (-40.5% to 53.5%).

Miami reported the largest ADR increase over 2019 (+27.8% to US$181.66).

The largest RevPAR drops were in San Francisco/San Mateo (-58.2% to US$88.39) and Minneapolis (-43.6% to US$61.61).

*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.