U.S. weekly hotel occupancy reached its highest level since October 2019, according to STR's latest data. For the week of July 11-17, occupancy reached 71 percent, down 8.7 percent from the comparable week in 2019. Average daily rate reached $139.19, up 1.8 percent from 2019, while revenue per available room reached $98.87, down 7.1 percent.
Despite a four-point, week-over-week improvement in occupancy, ADR dipped slightly from the all-time high achieved the previous week.
Top Markets
Among the top 25 markets, New Orleans saw the highest occupancy increase over 2019, up 5.8 percent to 59.5 percent. San Francisco/San Mateo experienced the steepest decline in occupancy when compared with 2019, dropping 36.6 percent to 56.3 percent.
Miami reported the largest ADR increase over 2019, up 32.4 percent to $208.13, while Tampa registered the highest RevPAR increase, up 29.2 percent to $119.54. The largest RevPAR drops were in San Francisco/San Mateo, down 55.6 percent to $94.29) and Boston (down 47.9 percent to $102.05).