U.S. Weekly Hotel Occupancy Reached Its Highest Level Since Late October For The Week Ending February 20th

February 26, 2021

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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.

www.STR.com

 

 

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