by Calculated Risk on 9/23/2021 01:38:00 PM
Note: The year-over-year occupancy comparisons are easy, since occupancy declined sharply at the onset of the pandemic.
U.S. hotel occupancy reached a four-week high, according to STR’s latest data through September 18.
September 12-18, 2021 (percentage change from comparable week in 2019*):
o Occupancy: 63.0% (-11.6%)
o verage daily rate (ADR): $131.04 (-2.6%)
o Revenue per available room (RevPAR): $82.50 (-13.9%)
The gain in occupancy was helped by weekly group demand eclipsing 1 million for the first time since the earliest days of the pandemic. More group demand created a lowering effect on ADR, as group rooms for upper-tier classes are typically priced lower than transient rooms.
The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.
The red line is for 2021, black is 2020, blue is the median, dashed purple is 2019, and dashed light blue is for 2009 (the worst year on record for hotels prior to 2020).