Occupancy Rate Down 14% Compared to Same Week in 2019

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by Calculated Risk on 6/10/2021 02:25:00 PM

Note: The year-over-year occupancy comparisons are easy, since occupancy declined sharply at the onset of the pandemic.  So STR is comparing to the same week in 2019.

The occupancy rate is down 14.0% compared to the same week in 2019.

U.S. weekly hotel performance remained relatively flat from the previous week but still reached pandemic-era highs, according to STR‘s latest data through June 5.

May 30 through June 5, 2021 (percentage change from comparable week in 2019*):

Occupancy: 61.9% (-14.0%)
• Average daily rate (ADR): US$123.49 (-6.7%)
• Revenue per available room (RevPAR): US$76.44 (-19.7%)

Each of the three key performance metrics were the highest of the pandemic era.
emphasis added

The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.

Click on graph for larger image.

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).

Occupancy is now above the horrible 2009 levels and weekend occupancy (leisure) has leisure has been solid.

Note: Y-axis doesn’t start at zero to better show the seasonal change.

source

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