STR: Weekly U.S. hotel performance continues to weaken

Reflecting seasonal demand patterns and concerns around the pandemic, U.S. hotel performance continued to decline from previous weeks, according to STR's latest data. For the week of Aug. 15-21, occupancy reached 63.7 percent, down 9.1 percent from the comparable week in 2019 and down from the 65.7 percent reached the week before. Average daily rate was $135.77, up 5.1 percent from 2019 but down nearly 3 percent from the previous week, while revenue per available room was $86.43, down 4.5 percent from 2019 and more than $5 less from the previous week.    

Top Markets

While none of the top 25 markets recorded an occupancy increase over 2019, Detroit came closest to its 2019 comparable, down 0.7 percent to 69.3 percent. San Francisco/San Mateo experienced the steepest decline in occupancy when compared with 2019, down 40.5 percent to 53.5 percent.

Miami reported the largest ADR increase over 2019, up 27.8 percent to $181.66.

The largest RevPAR drops were in San Francisco/San Mateo (down 58.2 percent to $88.39) and Minneapolis (down 43.6 percent to $61.61).