Hotels

For February 2021 U.S. Lodge Market Occupancy and RevPAR Were being the Greatest for Any Month Considering the fact that Oct 2020

March 25, 2021
Lawerence Paillet
A crowd in a stadium - Unsplash - Emma Dau

Lifted by Super Bowl LV, Tampa experienced the greatest occupancy stage (66.

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The U.S. resort marketplace confirmed better performance amounts from the prior month, according to February 2021 knowledge from STR.

February 2021 (proportion change from February 2020):

  • Occupancy: 45.3% (-26.6%)
  • Typical each day price (ADR): US$98.31 (-24.8%)
  • Earnings for every obtainable room (RevPAR): US$44.57 (-44.8%)

Occupancy and RevPAR were the highest for any month considering the fact that Oct 2020, whilst ADR was the optimum given that September 2020.

Among the the Leading 25 Markets, Oahu Island documented the most affordable February occupancy stage (29.3%), which represented a 65.9% minimize in calendar year-about-12 months comparisons.

Lifted by Tremendous Bowl LV, Tampa expert the optimum occupancy amount (66.%), which was down 23.6% yr about calendar year. The following highest occupancy level was in Miami (65.5%), which recorded the optimum ADR (US$215.86) and RevPAR (US$141.31) levels.

Miami was the only industry to register ADR above US$200 and RevPAR higher than $100. Eight supplemental markets posted ADR around $100.  

Overall, the Prime 25 Marketplaces showed reduce occupancy but bigger ADR than all other marketplaces.

March 2021 facts will be the initially in comparison with a pandemic-influenced time last calendar year. Hence, yr-in excess of-year comparisons will develop into extra favorable and significantly less actionable in measuring recovery.

STR supplies quality data benchmarking, analytics and market insights for world wide hospitality sectors. Launched in 1985, STR maintains a existence in 15 nations with a company North American headquarters in Hendersonville, Tennessee, an intercontinental headquarters in London, and an Asia Pacific headquarters in Singapore. STR was obtained in Oct 2019 by CoStar Team, Inc. (NASDAQ: CSGP), the primary provider of professional true estate information, analytics and online marketplaces. For far more details, make sure you stop by str.com.

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