July 8 - U.S. weekly hotel occupancy hit its highest level since late October 2019, according to STR’s latest data. For the week of June 20-26, occupancy reached 69.9 percent, down 7.3 percent from the comparable week in 2019. Average daily rate was $133.36, down 0.5 percent, while revenue per available room was $93.19, down 7.8 percent.

 

In addition to occupancy reaching its highest point since the week ending October 26, 2019, ADR and RevPAR were the highest of the pandemic era. Weekend occupancy surpassed the 2019 comparable for the second time in three weeks, while ADR was 13 percent higher than the corresponding weekend from June 2019.

 

 

Top Markets

Among the top 25 markets, Tampa, Fla., saw the only occupancy increase over 2019, improving 3.5 percent to 78.5 percent. San Francisco/San Mateo, Calif., experienced the steepest decline in occupancy when compared with 2019, falling 39.3 percent to 53.4 percent.

 

Miami reported the largest increases over 2019 in both ADR (up 48.5 percent to $222.95) and RevPAR (up 44.7 percent to $163.37). The largest RevPAR drops were in San Francisco/San Mateo (down 59.3 percent to $84.14) and Boston (down 53.9 percent to $90.07).

 

 

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