Hotels: Occupancy Rate Down 17% Compared to Same Week in 2019
Note: The year-over-year occupancy comparisons are easy, since occupancy declined sharply at the onset of the pandemic. However, occupancy is still down significantly from normal levels.
The occupancy rate is down 17% compared to the same week in 2019.
U.S. hotel occupancy remained relatively flat compared with the previous week, according to STR‘s latest data through May 1.The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.
April 25 through May 1, 2021:
• Occupancy: 57.1%
• Average daily rate (ADR): US$108.80
• Revenue per available room (RevPAR): US$62.13
While the overall weekly data was stagnant, weekend occupancy rose modestly and came in above 70% for the fourth straight week. However, the Top 25 Markets showed a lower occupancy level in aggregate with more properties reopening on top of lower demand.
Click on graph for larger image.
The red line is for 2021, black is 2020, blue is the median, and dashed light blue is for 2009 (the worst year on record for hotels prior to 2020).
Note: Y-axis doesn't start at zero to better show the seasonal change.