HENDERSONVILLE, Tennessee — May 13, 2021 — Due to more supply in the marketplace, U.S. hotel occupancy fell slightly from the previous week, according to STR‘s latest data through 8 May.
2-8 May 2021:
- Occupancy: 56.7%
- Average daily rate (ADR): US$110.19
- Revenue per available room (RevPAR): US$62.50
Demand was up week over week, but an increase in supply from both reopenings and new properties pulled national occupancy down. Major markets, such as New York City and San Francisco, are showing the most movement with properties coming back online.
Among the Top 25 Markets, Miami (72.0%) and Tampa (69.8%) experienced the highest occupancy levels, while San Francisco/San Mateo (40.9%) and Boston (42.3%) came in the lowest.
The aggregate occupancy for the Top 25 Markets (54.3%) was lower than all other markets on average, but ADR in the major markets (US$119.14) was higher.
