U.S. Weekly Hotel Occupancy Reached Its Highest Level Since Late October For The Week Ending February 20th
February 26, 2021
U.S. weekly hotel occupancy reached its highest level since late October, according to STR‘s latest data through February 20.
February 14-20, 2021 (percentage change from comparable week in 2020):
- Occupancy: 48.1% (-23.8%)
- Average daily rate (ADR): US$101.57 (-22.1%)
- Revenue per available room (RevPAR): US$48.82 (-40.6%)
Popular leisure markets in Florida, with leftover demand from the long holiday weekend, posted the week’s highest levels. Among STR-defined markets, the Florida Keys reached 93.5% occupancy, followed by Fort Lauderdale (80.1%). Miami saw the highest occupancy (75.8%) among the Top 25 Markets.
Additionally, displaced Texans pushed week-over-week occupancy gains across STR-defined markets in the state. Texas’ occupancy added almost a point to overall U.S. occupancy for the week. STR will release a full Texas analysis in the coming days.
Top 25 Markets with the lowest occupancy levels for the week included Minneapolis (32.0%) and Oahu Island (32.8%).
Aggregate data for the Top 25 Markets showed slightly lower occupancy (47.0%) but higher ADR (US$107.07) than all other markets.